Meta has pulled back recently despite no major negative changes in its core business. It feels like expectations were already priced in after the run-up, and now investors may be taking profits. There’s also growing concern about heavy AI capex pressuring margins in the short term, along with broader weakness in mega-cap tech and ongoing regulatory risk.
Do you see this drop as a healthy valuation reset, or is the market starting to question Meta’s long-term AI return on investment? Curious how others are interpreting this move.