<div id="readability-page-1">Meta (META) stock took a beating on Thursday, after the company said during its third quarter earnings report that it plans to further hike AI spending for the rest of this year and in 2026. Shares of Meta fell more than 11% midday, as Wall Street analysts and investors digested the news. CEO Mark Zuckerberg summed up the spending plan as a means t...</div>

META

<p>Meta's stock dropped over 10% following the company's announcement of increased AI spending during its third quarter earnings report. The shares fell more than 11% as analysts and investors reacted to the news. CEO Mark Zuckerberg described the spending plan as essential for future growth.</p>

- Meta (META) stock declined over 11% following the announcement of increased AI spending in its third quarter earnings report.  
- The company's plan includes significant investments for the remainder of this year and into 2026, which raised concerns among Wall Street analysts and investors.  
- CEO Mark Zuckerberg characterized the spending strategy as essential for future growth, despite the immediate negative market reaction.

Meta stock plunges more than 10% as analysts cut price targets on sky-high AI spending