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Shares have slumped 17% since the company signaled aggressive AI spending ahead. While some are concerned, others see a prime buying opportunity.

If there’s one thing the artificial-intelligence trade has taught Big Tech investors, it’s to never get too comfortable. And after the company’s third-quarter earnings report, the new “Magnificent Seven” punching bag is now Meta Platforms.

Shares of Meta META have fallen more than 17% since last Wednesday’s close, after which the company shared that it was ramping up its AI capital expenditures. But does Meta’s selloff present an opportunity to buy an AI darling for cheap, or is it the start of a prolonged decline?