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Meta's stock drops 15%+ as the company issues a light Q2 revenue forecast and higher FY 2024 capital expenditures due to increased AI infrastructure investments (Ashley Capoot/CNBC)
April 24, 2024, 9:15 p.m. |
Techmeme www.techmeme.com
Ashley Capoot / CNBC:
Meta's stock drops 15%+ as the company issues a light Q2 revenue forecast and higher FY 2024 capital expenditures due to increased AI infrastructure investments — Meta shares plunged in extended trading on Wednesday after the company issued a light forecast, overshadowing better-than-expected first-quarter results.
ai infrastructure capital cnbc forecast infrastructure investments light meta revenue revenue forecast shares stock the company
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