Meta’s AI strategy once again worries investors. Shares of the social media giant fell 10% on Wednesday after revealing that its capital spending growth far outpaced revenue growth. Meta has a central problem: much of this spending still has no financial return. About 98% of Meta’s revenue still comes from its traditional advertising business, according
A major test for the market’s AI trading is here in the form of Big Tech earnings, and Meta will be next. Along with Microsoft, the social media giant will report its second-quarter results after the closing bell on Wednesday. Meta is one of the “hyperscalers” spending huge sums of money on its AI projects,
