Business Insider·2 min read·medium
Meta Q2 earnings recap: Stock tumbles nearly 10% after profits miss Wall Street estimates - Business Insider
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Henry Chandonnet, Pranav Dixit, Charles Rollet, Steven Tweedie, Max Adams, Hugh Langley, Samuel O'Brient
✦AI Summary
Meta's stock price dropped nearly 10% following its Q2 earnings report, which failed to meet Wall Street's profit expectations. Investors are expressing concern over the massive capital expenditure the company is pouring into AI infrastructure and large language models.
Meta is one of the "hyperscalers" spending huge sums on its AI projects, from data centers to its own large language models, and investors are impatient to see what those efforts have yielded. The a…
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