
Meta Platforms Inc. ($META) reported a decline in its shares by 3% following its latest earnings report, which raised concerns among investors regarding the company's forward guidance and escalating costs associated with artificial intelligence (AI) development. Gene Munster highlighted that nearly 50% of the global population uses a Meta product daily, emphasizing the company's long-term investment strategy in AI despite the associated capital expenditures. The market's apprehension stems from the potential for these investments to not yield immediate returns, leading to increased scrutiny of Meta's financial outlook.
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Meta earnings raise more questions than answers. 📱 : https://t.co/vekr0I2bct $META 🎙️ @DrillDownPod #DrillDownEarnings #DDE #Meta
