META Meta Platforms
HyperscalersPosition Summary
Shares
5
Avg Price
$637.33
Cost Basis
$3,187
Conviction
8/10
Investment Thesis
Cheapest Mag 7 on forward P/E. 82% gross margins, AI-driven ad monetisation just starting.
Key Arguments
Bull Case
AI-driven ad targeting dominance. Llama open-source strategy builds ecosystem. Printing cash.
Bear Case
Metaverse spending continues burning capital. Regulatory risk in EU.
What Would Make Us Sell
Ad revenue growth stalls for two quarters or capex/revenue ratio exceeds 35%.