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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 escalation that risks echoing past overcommitments.