Meta’s stock plunges on ‘aggressive’ AI spending plans
By Hanna Ziady, CNN London (CNN) — Shares in Meta plunged in premarket trading Thursday as the company’s plans to “invest aggressively” in artificial intelligence spooked investors. Meta’s stock was down around 13%, threatening to wipe almost $163 billion off its market value, as investors looked beyond bumper first-quarter earnings to focus on the huge
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