$META

I don't see anything that can justify the $META valuation gap with peers. It has higher revenue CAGR estimates for the next 3 years than the hyperscaler peers: $AMZN: 13.90% $MSFT: 17.20% $GOOG: 19.10% $META: 20.70% Yet, it's trading at the lowest forward earnings multiple at 18x. It's already generating ROI from AI capex in its core businesses in the form of higher conversion rates and impressions. This is the hard part; no other hyperscaler is seeing ROI from AI capex beyond their cloud businesses. If $META ends up with excess compute, it can easily monetize it at a significant premium to its cost of ownership in the current demand environment. So, $META is actually the best-positioned company to see ROI from AI capex. I don't see how its discount is justified given this. People