Has Meta Platforms Become Addicted to AI Spending?

Meta Platforms (META) is once again testing investor patience as it doubles down on artificial intelligence (AI) infrastructure amid growing signs of execution stumbles and a punishing stock reaction. The company behind Facebook, Instagram, and WhatsApp has made no secret of its ambitions to lead the next wave of AI-powered experiences. Yet with capital expenditures exploding and flagship models slipping, the market is starting to ask whether this spending spree is strategic foresight or a reflexive escal ...