Meta Shares Fall After Zuckerberg Announces Higher AI Spending Through 2026
Meta shares tumbled more than 10% on Wall Street after CEO Mark Zuckerberg announced plans to further increase artificial intelligence spending through 2026. The surge in operational costs and capital expenditure forecasts overshadowed solid third-quarter revenue and user growth, triggering widespread price-target cuts from major financial analysts. The race to dominate artificial intelligence is testing … Read more