Wall Street has expressed concern over Meta's significant investment in artificial intelligence, despite the company exceeding earnings expectations. During a recent earnings call, CEO Mark Zuckerberg outlined Meta's strategy to funnel substantial funds into AI and the metaverse, which led to a sharp 19% drop in stock prices. The intense focus on long-term AI projects, including a new operating system and smart devices, has overshadowed immediate revenue prospects, causing investor apprehension. This strategic pivot aims to enhance Meta's product offerings but has incited skepticism regarding its short-term financial health.
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