• Shares of META.BA are trading 2.3% down at $35,240, aligning with a wider NASDAQ decline and pressure on AI-focused technology stocks due to concerns over stretched valuations and rising infrastructure costs.
  • This occurs as Meta Platforms advances its AI strategy, with reports indicating it is building a competing prediction-markets app, Arena, and plans to utilize Qualcomm's new Dragonfly C1000 CPU for data centers.