Down 17%, Is Meta a Buy on the Dip?

Meta Platforms (NASDAQ:META) is one of the major players in this artificial intelligence (AI) revolution. Though the company's biggest source of income is advertising through its social media platforms, it has big AI dreams. Meta has spent billions of dollars on the build-out of its own data centers and just recently took a significant step toward the monetization of its investments -- the launch of its Muse personal AI agent and its Muse Wonder and Muse Wonder Full advanced models. So, investors looking for AI stocks to buy may turn to Meta, and that's what they did from the start of this year through early September. But in recent times, that momentum has stalled, to be replaced by caution. The stock has slipped 17% from a peak last month amid general concerns among investors about spending on AI infrastructure. Some investors worry that an AI bubble has formed, and that any slowdown in the AI space could significantly hurt the biggest spenders. Meanwhile, Meta's earnings continue to march higher, thanks to advertising growth and its solid social media business.

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