Meta Stock Plunges 9% as Massive AI Spending Shakes Investors
Meta stock fell about 9% in Wednesday’s after-hours trading after investors focused on the company’s rising artificial intelligence costs. Strong revenue failed to offset weaker earnings. Higher planned spending also intensified concerns about future margins. Meta Platforms reported second-quarter revenue of about $60.8 billion, slightly above Wall Street estimates for the quarter. Its core digital […]
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