Could This AI Darling Be the First Major Casualty of an AI Bubble?
Meta Platforms (NASDAQ: META) stock is nearly in bear market territory. After pledging massive amounts of spending on capital expenditures (capex) to compete in artificial intelligence (AI), the stock has pulled back by almost 20% since the summer.
The drop likely comes as investors grow more nervous about the staggering capex expenses. Does this mean Meta will become the first major AI casualty? Let's take a closer look.
Image source: Getty Images.
Source Fool.com
Meta Platforms Inc. Aktie
580,90 €
1,13 %
Eine Tendenz zu Buy-Einschätzungen bei Meta Platforms Inc., überwiegend gegenüber Sell-Einschätzungen.
Das von der Community festgelegte Kursziel von 652 € für Meta Platforms Inc. deutet auf ein leichtes Wachstumspotenzial im Vergleich zu 580.9 € hin.
