AISiliconANGLEabout 1 hour ago
Meta free cash flow plunges 91% on AI spending
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Meta's free cash flow fell 91% to $784 million as AI capital spending hit $31 billion in the quarter. Profit dropped 14% to $15.8 billion, earnings per share missed, and shares fell over 5% after hours. The company raised full-year capital expenditure guidance to between $130 billion and $145 billion.
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