Meta stock drops over 6% despite strong Q3 results and stock split
FROM THE WIRE · FINANCE.YAHOO.COM
Meta (META) stock plunged more than 6% on Thursday, despite reporting better-than-anticipated Q3 revenue results after the bell on Wednesday. The declines come as investors continue to pull back on semiconductor and other AI stocks, amid ongoing concerns about data center…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA sharp drop in a mega-cap tied to AI spending worries can weigh on the broader tech sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Meta beat expectations for third-quarter revenue.
- 02The stock fell more than 6% on Thursday amid a pullback from AI and semiconductor stocks.
- 03Meta raised the low end of its capex estimate to between 135 and 145 billion dollars.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Meta Platforms, Inc.654.71 USD+0.41%today -6.14%Negative Meta Platforms Inc.579.73 EURMarket closedtoday -7.86%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets