Meta (META) stock took a beating on Thursday, after the company said during its third quarter earnings report that it plans to further hike AI spending for the rest of this year and in 2026. Shares of Meta fell more than 11% midday, as Wall Street analysts and investors digested the news. CEO Mark Zuckerberg summed up the spending plan as a means to keep up with the demand for AI, but said that if the company overbuilds, it can absorb the extra computing capacity in the future. “We keep on seeing this p ...