AI Spending Fears Hit Internet Stocks: What It Means for META

In a report examining where internet stocks stand as AI revenue and funding take centre stage, the analysis frames the sector’s pullback as a debate about the durability of AI-driven earnings rather than a broad de-rating. The industry view remains Attractive, and the note points to valuation support: the sector’s next-twelve-month EV/EBITDA of 12.1x is 11% below its five-year average of 13.6x and 19% below its ten-year average of 14.9x.


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