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Should You Buy the Dip in Meta Platforms Stock Today?

Meta Platforms (META) shares are down nearly 10% this morning even though the tech behemoth came in ahead of Street estimates for its third quarter. The price action primarily reflects growing concern over the company’s aggressive spending plans tied to its artificial intelligence (AI) ambitions. More News from Barchart Meta now expects its capital expenditures to fall between 70billionand70 billion and 72 billion, up from its previous outlook for 66billionto66 billion to 72 billion. Despite the post-earnings decline, ME ...