Meta Platforms (META) late Wednesday posted first-quarter earnings results that topped expectations, with 27% year-over-year revenue growth. But Meta stock fell sharply as the company gave lower than expected revenue guidance and raised its expectations for spending, citing its artificial intelligence push.
Source – Meta Stock Slides Despite Q1 Earnings Beat | Investor’s Business Daily (investors.com)
One analyst referred to Meta as a victim of “AI fever.”
CEO Mark Zuckerberg upheld the company’s intention to “invest significantly more over the coming years” in order to further its AI goals. Meta shares fell more than 10.5% on the stock exchange on Wednesday to settle at 441.38. The decline drove Meta stock to its lowest point since late January.
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She is primarily a teacher of English. Also her mind is lured by goodies like finance, economics, interest rates, the stock market, as she has a hankering for how the money is made. Nevertheless she is a dreamer on a cloud...As dreams cost nothing... On ordinary days she is a word-weaver for everything and everything that breathes. On the best of days she just follows the seasons by means of bike, skis, or roller-skates. She is grateful to all colors of the world and to people who read, smile and drop a line here, or on her email. Contributing author for 5 Medium.com publications, Spillwords.com and Anthology Volume I: Writings from the Sudden Denouement Literary Collective.
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https://www.youtube.com/watch?v=OmZiV_WepJ4&t=2s&ab_channel=IuliaHalatz