Reported 3 days ago
Meta Platforms saw its shares fall by 2.8%, ending a remarkable 20-day streak of gains, which had pushed the company's market cap close to $1.8 trillion. Despite strong fourth-quarter earnings and ambitious plans for AI and infrastructure, including a $60 billion investment in AI and a substantial underwater cable project, the stock's decline comes amid news of significant divestitures from major investors, raising questions about its future performance. While some express concerns over high valuations in the tech sector, Meta remains an appealing option for those interested in AI investments.
Source: YAHOO