Meta Shares Tumble as AI Spending Spree Rattles Investors

The technology behemoth Meta is undertaking a multi-billion dollar strategic shift that is sending shockwaves through the investment community. As the company escalates its capital outlays on artificial intelligence to unprecedented levels, a critical question emerges among shareholders: Is Meta cementing its status as an indispensable tech titan, or is CEO Mark Zuckerberg incinerating billions in an opaque race for AI dominance?

Market reaction was swift and severe. Following the company’s announcements, Meta’s stock endured its most punishing four-day stretch since November 2022, shedding approximately 17 percent of its market value. The decline is particularly striking as it contrasts with robust quarterly earnings that showcased a 26 percent surge in revenue. The Read more...