Overview
- Shares are now nearly 25% below the August record as investors reassess heavy plans for AI infrastructure and Reality Labs.
- Yahoo Finance reports about 600 roles were cut in Meta’s AI group, with the prospect of further reductions as the company trims costs.
- Analyst views remain mixed, with Needham maintaining a Hold rating and Mizuho reiterating a Buy while lifting its price target to $920 last week.
- Recent coverage highlights Meta’s relatively low valuation within big tech despite strong Q3 results that topped revenue and earnings estimates.
- Reports from multiple outlets describe prospective U.S. AI infrastructure commitments approaching $600 billion over coming years, a scale that continues to weigh on sentiment.