Why Shares of Meta Platforms Fell for the First Time in 20 Days
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Shares of Meta Platforms fell 2.8% today, ending a 20-day streak of gains. Despite a strong performance since Donald Trump's election, with a 25% increase in stock price and a market cap nearing $1.8 trillion, the decline comes amid news of a significant investment in AI and plans for an underwater cable project. Additionally, the largest pension fund in the Netherlands sold its shares in Meta, citing investment principles. While concerns about high valuations persist, Meta remains a relatively attractive option among AI stocks.
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