Meta stock drops 12% as heightened AI spending overshadows strong third-quarter results
1. Meta's stock fell over 12% amid AI spending skepticism. 2. Capital expenditures for 2025 lifted to $70-72 billion. 3. Zuckerberg emphasizes long-term AI investment despite current doubts. 4. Meta reported strong Q3 earnings of $7.25 per share. 5. AI spending competition heats up with peers like Alphabet and Microsoft.