😳 Shares #META in the moment -10%.



Reason: The company sharply raised its forecast for AI and data center expenses (by 7.4%) – up to $125-145 billion for the year. Investors fear that the investments may not pay off, and Meta has not provided a clear plan on how it intends to generate revenue from AI products.

+ Meta will start selling bonds worth $20-25 billion today.

The US stock market lost $400b at the opening of the trading session. Recall, approximately 2.4% of the S&P 500's market capitalization is attributed to Meta.
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