“Meta Platform” 
meta Shares plunged 14% in pre-market trading on Thursday as the social media company's comments about prolonged spending on artificial intelligence spooked investors.
The company's stock price fell 15% in post-market trading after the company's expense and revenue outlook was bleak Wednesday. The decline wiped out nearly $200 billion from the market value of Facebook and Instagram's parent company, bringing its valuation down to about $1 trillion.
alphabet stocks 
google and snap 
snap It fell between 2% and 5%.
Meta has narrowed its spending forecast to a range of $94 billion to $99 billion this year to support investments in new AI products and the computing infrastructure needed to support them.
He added that he expects spending to continue increasing next year.
Some analysts welcomed the move despite sharp investor selling, while others had mixed views on the spending extension.
Morgan Stanley analysts led by Brian Nowak said in a note: “We are excited about future investment growth as META continues to accelerate investments in AI infrastructure for more sustainable engagement and revenue growth. I agree.”
Analysts at Baird agreed, saying, “Meta's report is a reminder that sustained growth through innovation requires investment cycles. …It would be foolish to ignore the meaningful opportunities created by technological change.” It's for short-term economic results. ”
A pioneer in the race to catch up with generative AI market leader OpenAI, Meta is introducing new AI features such as chat assistant, as well as AI tools and ad buys in short video format to drive revenue growth. We have updated the product.
“Cash generation and business overall remain strong, but the comments made last night about cost increases and caution will cause significant volatility in the stock price,” said Chris Beacham, chief market analyst at IG Group. ” he said.
Chief Executive Officer Mark Zuckerberg told analysts on a conference call that focusing on AI “will significantly expand our investment horizon before we see much revenue from some of these new products.” Probably.''
Mr. Zuckerberg's comments and the quarterly results came after the social media giant Meta continued its blockbuster quarter from ad revenue, tempering expectations for returns from the company's AI investments.
“Unless investors believe in AI's transformative capabilities in terms of both engagement and utility, this story could be seen as missing the next big growth engine,” RBC analyst Brad Erickson said. “There is,” he said in the memo.
Meta is up nearly 40% so far this year, comfortably outperforming the benchmark S&P 500 index. 
SPX 6% profit.
