Tech giants like Meta Platforms and Alphabet are down, could present buying opportunity

From Nasdaq: 2025-03-15 13:00:00

The Nasdaq-100 has outperformed the S&P 500 with a 343% return over the past decade, driven by tech stocks. However, it’s currently in correction territory with a 13% decline from its peak, led by the “Magnificent Seven” tech giants like Apple and Microsoft.

Meta Platforms and Alphabet are down 19% and 21% from their highs, presenting potential buying opportunities. Meta Platforms, parent of Facebook, uses AI to drive user engagement and revenue growth. Alphabet, parent of Google, is investing in AI to maintain search dominance and grow its cloud business.

Meta Platforms reported record revenue of $164.5 billion in 2024, with EPS up 60% to $23.86. Alphabet grew EPS by 38% to $8.04, trading at a low P/E ratio of 20.2. Both companies face regulatory challenges but offer long-term growth potential in AI technology.



Read more at Nasdaq: Nasdaq Correction: 2 “Magnificent Seven” Stocks Down 19% and 21% You’ll Regret Not Buying on the Dip