)
Microsoft & Alphabet stocks fall on Meta earnings spillover
The Meta stock price took a bit of a beating dropping nearly about 13% after the company's earnings report. Investors were spooked by Meta's increased focus on artificial intelligence and the significant spending that is required for this ambitious plan. The CEO Mark Zuckerberg emphasized the long-term potential of AI but has cautioned that these Investments would not translate into immediate revenue and this lack of short-term Financial gains has spooked investors wiping nearly $170 billion of Meta's market value.
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)