Hightower Advisors' Chief Investment Strategist Stephanie Link sold half her Meta (NASDAQ:META) position Friday, calling the company "tone-deaf" as its shares fell 5.5% following a report it is considering raising tens of billions in a stock sale to fund AI infrastructure.
Link Trims Meta Stake "The numbers actually did go higher on the revenue line, but the operating margin numbers are going in the wrong direction — and people are not going to invest in companies where earnings are going down or at least stagnant," Link told CNBC's Closing Bell on Friday.
Meta executives have been exploring ways to raise cash as the company prepares to boost AI-related capex to as much as $145 billion this year and higher in 2027, the Financial Times reported, citing sources.
Meta did not immediately respond to Benzinga's request for comment.
Meta was already expected to spend $125-$135 billion in capex this year, up from $74 billion last year, Link said, adding the company has spent $82 billion on Reality Labs since 2021, generating $80 billion in operating losses.
