Huang Renxun: No one is better at using AI than Meta!
Meta may be one of the largest companies with the clearest path to AI commercialization.
Today, $META plummeted 10% intraday, with phased bottom-fishing!
The fundamentals haven't changed, earnings reports are good, profit +33%, just because they added $10 billion to the AI budget, everyone panicked, which is a typical emotional shock.
PE 22-26x, compared to $GOOG $AMZN $MSFT 's 24-40x, it's 1/3 cheaper.
CapEx concerns are short-term noise; I believe this kind of plunge will be quickly recovered.