Three AI Stocks Trading at Steals Right Now—And Why November Might Be Your Moment

The Setup: When Good Companies Meet Market Pessimism

Market timing can be brutal, but November’s tax-loss harvesting season tends to create some interesting opportunities. Three AI-driven companies—Meta Platforms, Pinterest, and GitLab—have all seen their stock prices hammered lately, yet their financial performance tells a completely different story. Let’s break down why these beaten-down names might deserve a second look before year-end.

Meta Platforms: Strong Results, Weak Stock Price

Meta Platforms (NASDAQ: META) took a beating after its Q3 earnings report, but here’s the thing—the company’s actual business is firing on all cylinders. The stock crash had way more to do with management’s aggressive capex spending than with the quality of its results.

Here’s what’s actually happening under the hood: Meta is weaponizing AI across its advertising engine in two distinct ways. On the user side, AI is feeding people more engaging content, keeping them scrolling longer and generating more ad inventory. On the advertiser side, AI is helping brands craft better ads and pinpoint their ideal audiences with laser precision. The proof is in the pudding—26% revenue growth last quarter, with ad impressions up 14% and average ad prices climbing 10%.

Even better, Meta just opened a new revenue stream by launching ads on WhatsApp and Threads. While the metaverse bet still looks shaky, the company is generating rock-solid free cash flow despite its spending spree. Trading at some of the cheapest valuations among megacap AI plays right now, this looks like a prime entry point.

Pinterest: Cheap Valuation on Real Growth

Pinterest (NYSE: PINS) got absolutely shellacked after earnings, sending the stock to bargain territory with a forward P/E ratio hovering around 13x. But again—the company’s fundamentals don’t match the market’s doom-and-gloom narrative.

The numbers tell the real story: 17% year-over-year revenue growth and 24% adjusted EBITDA growth in the last quarter. That’s not a struggling business. The company is seeing solid momentum in international user growth and expanding average revenue per user, with plenty of runway in both categories.

What’s often overlooked is Pinterest’s impressive transformation into an AI-powered shoppable discovery platform. The company developed its own multimodal large language model, which powers visual search and drives user engagement. Sure, management issued cautious guidance due to tariff headwinds affecting retail and home furnishing advertisers, but this company is fundamentally stronger than it was just a few years ago.

GitLab: AI Productivity Wins Over Market Skepticism

Then there’s GitLab (NASDAQ: GTLB), which investors have quietly shuffled into the “AI loser” pile based on the flawed premise that AI will eventually eliminate coding jobs. Spoiler alert: that’s not what’s happening.

GitLab’s platform helps developers write, store, and manage code securely. Historically, the company used a seat-based subscription model (pay per user). The stock has languished in underperformance territory, even though the company has consistently delivered over 25% revenue growth, driven by seat expansion.

Here’s what the bears got wrong: AI has actually increased software development activity. GitLab’s AI Duo feature doesn’t eliminate developers—it accelerates their workflow, letting them write code faster and handle more tasks, freeing up time for even more coding. Even better, this expanded value proposition is enabling GitLab to transition to a hybrid pricing model that charges based on seats plus usage, a shift that should drive both growth and margin expansion.

With a price-to-sales multiple under 6.4x based on 2026 estimates, combined with near 90% gross margins and 25%+ revenue growth, GitLab looks severely underpriced relative to its opportunities.

The Bottom Line

November creates windows where solid companies get unfairly punished. Meta, Pinterest, and GitLab are all trading at valuations that don’t reflect their actual business momentum or AI-driven growth potential. Whether this is the exact bottom remains uncertain, but the risk-reward setup looks favorable for patient investors willing to hold these positions into 2026.