Meta Platforms (NASDAQ: META) reported a strong third quarter with a 26% increase in revenue to $51 billion, more ad impressions, and higher ad prices. Despite this, Meta stock has dropped 16% since the earnings release due to concerns about its AI spending, projected to reach $70-72 billion by 2025. The company plans to invest $600 billion in the U.S. for AI technology and infrastructure by 2028.

While there are worries about Meta’s AI spending, the company still has a thriving ads business and a strong balance sheet. Wall Street’s bearish outlook presents a buying opportunity, especially considering Meta’s past resilience after the metaverse misstep in 2021. Investors should weigh their options before investing in Meta Platforms and consider the 10 best stocks recommended by The Motley Fool Stock Advisor team for potential monster returns.

Read more at Nasdaq: Why Is Wall Street So Bearish on Meta? There’s 1 Key Reason.