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MarketBeat
MarketBeat
Leo Miller

Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending

Meta Alphabet Nasdaq

A week after Alphabet (NASDAQ: GOOG) reported earnings, it was Meta Platforms' (NASDAQ: META) turn to provide the latest financial litmus test among AI hyperscalers.

Unfortunately for Meta, the stock suffered a similar post-earnings fate as Alphabet. Shares dropped approximately 6% in after-hours trading, not far off from the roughly 7% decline Alphabet saw.

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