Reported 1 day ago
Meta Platforms Inc. has officially entered negative territory for 2025, making it the final stock of the Magnificent Seven group to lose its year-to-date gains. The company's stock dropped 3.7%, resulting in a 0.5% decline overall this year after an extraordinary rally where shares surged 26%. Analysts have expressed concerns over the rising fixed costs associated with AI investments, highlighting the broader pressures facing the tech sector amid uncertain economic conditions.
Source: YAHOO