Meta Stock Plunges Amid AI Spend
Meta's stock tumbled 15% after revealing plans for aggressive AI investment, erasing $183 billion in market value. Despite strong Q1 earnings, investors are wary of the substantial costs and long timeline associated with competing in AI against giants like Microsoft and Google. https://edition.cnn.com/2024/04/25/investing/meta-stock-plunges-ai-spending/index.html