Market Sell-Off: Should Investors Buy the Dip in Meta Platforms Stock?
This opportunity might not last.
Given the market's recent pullback, many investors are likely on the hunt, trying to find oversold stocks. One stock that has been hit particularly hard over the past month and looks like an attractive opportunity to consider today is Meta Platforms (NASDAQ: META). The Mark Zuckerberg-led company operates major social networks, including Facebook, Instagram, WhatsApp, and Messenger.
Not only do Meta's platforms boast the valuable asset of a combined 3.35 billion daily active users, but they also represent a means for Meta to deploy artificial intelligence (AI) features that could help strengthen Meta's competitive positioning over time. Zuckerberg has been ramping up AI investments across these platforms and is now also reportedly planning to launch a stand-alone app dedicated to AI as well.
Down about 20% since Feb. 14, Meta stock has the characteristics of a potentially great investment.
