Meta (Facebook) shares
Investment Thesis
Meta's aggressive AI infrastructure buildout is reaching critical mass with the new Meta Compute division, nuclear power partnerships with Oklo/Vistra, and strategic leadership additions like Dina Powell McCormick. At $631.09, the stock trades at compressed 22x forward P/E (down from 28x) despite 21%+ revenue growth and concrete AI monetization progress through Advantage+ delivering 22% higher ROAS. The Reality Labs restructuring and pivot toward profitable AI wearables (Ray-Ban success) addresses capital allocation concerns while the nuclear deals solve energy constraints for the $72B capex program.
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