Meta's stock surges as it moves from AI laggard to leader

KeyBanc Capital Markets Managing Director Justin Patterson joins Market Domination's Brooke DiPalma to discuss the resurgence of Meta (META) stock and how its upcoming product releases could usher it into the next phase of growth. Video Transcript 00:00 Speaker A How significant is this moment in time for meta? 00:04 Speaker B Yeah, thanks for having me on. It's a really big moment for meta. So all year, the company has talked about a second half product cycle. And when you looked at the stock price, this is trading at the widest PE discount to Google that meta has had really over the past 10 years. So investors were not giving it credit for the CapEx investment for just the AI initiatives meta has had.