Meta's stock is down 17% year-to-date, trading at a P/E of 17, making it cheap relative to the Mag 7, but concerns remain about its significant spending on AI.
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Meta Stock Looks Cheap Again
Jul 3, 2026
Alex Talks Stocks discusses Meta's current valuation, noting its stock is down 17% year-to-date despite a market cap of $1.4 trillion. The creator highlights Meta's P/E ratio of 17, making it the cheapest among the 'Mag 7' stocks. The primary drag on Meta's stock has been its significant spending, particularly on AI initiatives and expensive engineering talent, after shifting focus from AR/VR projects.
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