Meta: Ignore The FCF Noise And Buy The Dip

Meta Platforms, Inc. delivered a strong Q3, with 26%+ Y/Y revenue growth and robust earnings. META's launch of Muse AI signals a strategic pivot toward agentic AI, workflow optimization, which could help the company diversify its business going forward. High capital spending caused Meta's free cash flow to dip into negative territory in Q3. However, Meta is set to return to positive FCF long-term.