Why Shares of Meta Platforms Fell for the First Time in 20 Days
All good things come to an end eventually. After an incredible streak of gains that spanned nearly three weeks worth of trading days, shares of Meta Platforms (NASDAQ: META) fell 2.8% today for no obvious reason, although there was news about the company.Since Donald Trump won the election on Nov. 5, Meta has been on an incredible run with its stock up over 25% and now approaching a nearly $1.8 trillion market cap. Meta's CEO Mark Zuckerberg has cozied up to Trump, and investors see a clear path to the company actually monetizing its investments in artificial intelligence (AI).The company's fourth-quarter earnings reported at the end of January easily beat consensus estimates, and the company's AI chatbot added 100 million monthly active users from December and now has a total of 700 million. Furthermore, Zuckerberg announced plans to spend $60 billion to $65 billion on AI. Continue reading
All good things come to an end eventually. After an incredible streak of gains that spanned nearly three weeks worth of trading days, shares of Meta Platforms (NASDAQ: META) fell 2.8% today for no obvious reason, although there was news about the company.
Since Donald Trump won the election on Nov. 5, Meta has been on an incredible run with its stock up over 25% and now approaching a nearly $1.8 trillion market cap. Meta's CEO Mark Zuckerberg has cozied up to Trump, and investors see a clear path to the company actually monetizing its investments in artificial intelligence (AI).
The company's fourth-quarter earnings reported at the end of January easily beat consensus estimates, and the company's AI chatbot added 100 million monthly active users from December and now has a total of 700 million. Furthermore, Zuckerberg announced plans to spend $60 billion to $65 billion on AI.
