Meta's $145 Billion AI Bet: Why Morgan Stanley Still Sees a Forever Stock

Strong Q1 results met a capex shock, and that clash drives the stock debate

Meta just posted one of its strongest quarters in years, yet the stock sold off. That is not a failed report. It is a debate over what kind of company Meta really is. Morgan Stanley's "forever stock" label only makes sense if investors stop valuing it like a routine social-media name and start viewing it as an ad engine whose moat may be widening through AI.