A gauge of Meta Platforms Inc.’s credit risk surged to a fresh record Thursday and its bonds weakened, as plans to ramp up capital spending reignited fears that tech giants will issue more debt...
Meta shares were trading at $647.16, down $50.36, or 7.22%, in the latest quote shown in the supplied market data. The decline came after the company outlined plans to increase investment in...
Meta Platforms saw an initial rally after reporting earnings, before a sharp reversal. It's all about AI spending.
The cost of insuring Meta Platforms' debt against default touched an all-time high on Thursday, as investors grappled with concerns about its plan to spend more on its AI build-out.
Meta Platforms shares fell more than 7% on Thursday as investors balked at another increase in its annual AI spending forecast and a plan to sell new stock to help pay for it.
The spending has hurt the Silicon Valley giant’s cash flow, which turned negative. Meta said it would issue a new class of stock to help it raise more money.
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