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Meta Stock Has a New AI Catalyst. Is META Headed Back Toward Its All-Time High?
AI-driven ad clicks and conversions are lifting Meta's growth, but $130 billion to $145 billion in capital spending and a $784 million free cash flow quarter weigh on shares.
Zuckerberg's Q2 message was blunt about AI transforming Meta's business, yet the stock sits more than 25% below its all-time high while legal storms and a historic capex surge squeeze free cash flow to a fraction of last year's levels. Whether the ad machine can overpower those headwinds is the trade every Meta investor needs to understand right now.