Meta Shares Dip On Massive AI Spending; Q1 Daily Active Users Soften On Internet Disruptions In Iran

Instagram and Facebook parent Meta beat on the top and bottom lines last quarter but the stock dipped over 5% on market jitters over expanding capex, which the company anticipates in the $125-145 billion range this year. That’s up from its previous guidance of $115-135 billion and includes data centers, higher components pricing and more […]

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