Meta Deemed Best Buy Among Hyperscalers as Stock Rebounds 7% Monthly Near $605

Meta Platforms emerges as the top pick among Alphabet, Microsoft, Amazon post-Q1 earnings, trading at the cheapest Magnificent Seven valuation (19.8x forward P/E) with shares up 7.3% over the past month near $605. The saga began March 11 with $115-135B 2026 AI capex guidance and four new chips, escalating April 29 after a Q1 beat ($56.3B revenue +33% YoY, $26.8B net income +61%) that hiked capex to $125-145B, ~8,000 layoffs, and a 10% plunge erasing $150B market cap. Recent commentary highlights Zuckerberg's self-improving AI hints, hyperscaler $725B spend race, and buy-the-dip calls outweighing ROI skepticism.