·4 min read
Meta at $583 — The Market Is Pricing AI Spend as Value Destruction, and It's Wrong
Ruslan Averin's call on Meta — at a forward P/E of 17.6 the market prices its $145B AI capex as value destruction. The July 29 Q2 print is the catalyst.
·8 minMeta Q1 2026: 42% Operating Margin and Why I Added at $580
Meta's Q1 2026: $42.3B revenue, 42% operating margin, AI Advantage+ doubling ad performance. I initiated a new position at $572 and added at $580. Full thesis.
·5 minMeta Is Spending $65B on AI. I'm Long at $563.
Bought META at $563.20 before Q1 earnings; betting on advertising revenue growth overriding AI capex concerns.