Meta's Stock Dropped, but Its AI Strategy May Be Stronger Than Ever

Key Points Meta stock fell 6% after its earnings report came out. Investors seem to balk at plans to notably increase capex spending next year. The company also took a one-time, non-cash charge of $15.9 billion related to a deferred tax asset adjustment. 10 stocks we like better than Meta Platforms › Coming into Meta Platforms' (NASDAQ: META) third-quarter earnings report on Wednesday, investors were prepared for more spending on AI, but Meta's plans for 2026 seemed to be too much for them to sto ...