One line from Meta's earnings call that ensured the stock will likely stay dead money
All in all, not the reaction Meta and billionaire CEO Mark Zuckerberg wanted. Meta (META) being coy about future AI spending isn't what the market wants to hear as overspending fears rattle tech stocks. Yet that's what the market got — and Meta received another earnings day stock plunge in return. The move is likely to keep dark clouds over the stock through the summer. "We aren't providing a specific outlook for 2027 capex at this time," Meta CFO Susan Li told analysts on a late- Wednesday earnings call. M ...