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Investor's Business Daily

Investor's Business Daily

Technology

Technology

Meta Stock Falls With Facebook Parent Riding Record 20-Day Winning Streak

Investor's Business Daily
Summary
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Facebook parent company's stock has rallied more than 20% over the course of its streak.

Mark Zuckerberg announced that Meta would spend $60 billion to $65 billion on capital expenditures this year with a focus on AI infrastructure.

The tech giant is also reportedly forming a team within its Reality Labs division that will focus on robotics.