Meta Stock Is Getting Hit Hard. But Where Will It Be in 3 Years?

Meta Platforms shares are 25% below their all-time high, despite a fast-growing underlying business. The company is considering a stock offering to fund its AI build-out. Meta's first-quarter revenue rose 33% year over year to $56.3 billion, driven by a 33% increase in advertising. AI is reshaping the core business, with recent changes driving a 6% jump in ad conversions. The company's spending plan is weighing on profits and investor patience.