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Meta's AI spending under Wall Street scrutiny after weakening outlook

Bloomberg ·

META Meta Platforms Inc
$538.50 -8.04%
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  1. 1Meta's (META) AI spending is facing intense scrutiny from Wall Street following a weakening earnings outlook
  2. 2The stock fell 7.95%, and MoffettNathanson analyst Michael Nathanson explained that investors want proof rather than promises
  3. 3He pointed out that an unclear AI infrastructure strategy, large-scale capex risks, and the metaverse track record have eroded Wall Street's patience

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