Better-than-expected results from Meta Platforms were being overshadowed by worries around the company's massive artificial intelligence spending plans.

Meta will report third-quarter earnings on Wednesday and investors will be watching for any signs that it will increase spending on artificial intelligence.

Tech company brings in record quarterly revenue but major tax bill dampens earnings per share

The pressure on Meta stock was almost certainly due to management's expense guidance raise.

Better-than-expected results from Meta Platforms were being overshadowed by worries around the company's massive artificial intelligence spending plans.

Microsoft's big spending plans are pressuring the stock, but analysts remain bullish on the tech giant.

Meta's results raised skepticism over the payoff from its aggressive artificial intelligence spending plans and overshadowed strong results.

Analysts focused on hyperscalers' AI spending and their predictions on the pace of investment returns.