Meta Stock Falls as AI Spending Concerns Impact Q2 Earnings
Meta's stock experienced a significant decline after the company reported a 14% drop in profit and defended its substantial AI investments to skeptical investors. Wall Street expressed concerns that Meta's high AI spending is not yielding immediate returns, unlike other tech giants.
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Meta Sinks After Defending AI Bets to Skeptical Investors
Meta Platforms Inc. gave a disappointing quarterly revenue forecast, stepping up pressure on Chief Executive Officer Mark Zuckerberg to allay investor concerns that the company isn’t swiftly benefiting from its massive outlay on artificial intelligence. David Kirkpatrick, Founder of Techonomy joins Bloomberg Intelligence to recap Meta's earnings. (Source: Bloomberg)
Read full article →Meta’s Profit Falls 14 Percent as A.I. Spending Continues
The Silicon Valley company’s costs rose more steeply than revenue growth, as it continues to invest heavily in artificial intelligence.
By Eli Tan
Read full article →Meta’s stock is falling hard. Here’s why the company is in Wall Street’s doghouse.
Meta’s spending on AI is ramping, and investors want proof that the company can make serious money in areas other than advertising.
By Britney Nguyen
Read full article →Zuckerberg’s Fortune Drops $18 Billion As Wall Street Sours On Meta’s AI Spending
Shares of the Facebook parent have plunged over what could be an 11-day losing streak.
By Ty Roush, Forbes Staff
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