What's Going On With Meta Platforms Stock?

Meta Platforms shares slipped on Wednesday as investors weighed the company’s ballooning artificial intelligence spending, according to Benzinga. Costs for its Hyperion AI data center in Louisiana have surged to $50 billion, up from an initial $10 billion estimate. The project is backed by $29 billion in financing but has raised concerns among investors and regulators about its scale and energy use. Meta is also preparing to launch its Hypernova smart glasses in late 2025, priced at $800 with a limited run of up to 200,000 units over two years. While central to Meta’s long-term AI and AR strategy, the aggressive investments appear to be pressuring investor sentiment. Shares closed down 0.89%.