Meta’s AI spending spree has even the most bullish stock analysts wondering: How much capex is too much?
The Facebook and Instagram parent is “trying to punch above its weight” as it races to compete with its fellow tech giants, says one Wall Street analyst firm.
Meta Platforms has been spending too aggressively on artificial intelligence (AI) infrastructure and that will affect the tech giant’s profitability, according to a new investor note from Wall Street analyst firm MoffettNathanson.
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