Meta Platforms (META) is up nearly 22% over the past year, but shares are more than 15% off their 52-week high. However, investors may have reason to continue betting on META shares as the company gears up for the unveiling of its Llama 4 artificial intelligence (AI) model.

Shares of Meta Platforms Inc. META slipped 4.35% to $627.93 Thursday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index COMP falling 2.61% to 18,069.26 and Dow Jones Industrial Average DJIA falling 0.99% to 42,579.08.

Meta Platforms faces challenges with slowing revenue growth and rising expenses, despite AI strides and WhatsApp gains.

Some early reports suggest a recovery is unlikely in 2025. In January, Tesla's sales plunged by over 50% year over year across Europe, which included a 75% decline in Spain, a 63% decline in France, and a nearly 60% drop in Germany. Sales also fell by 33% in Australia, which highlights how widespread the weakness really is.