Meta Stock Drops Amid Concerns of AI Spending and Existential Threats
ByAinvest
Saturday, Feb 7, 2026 8:26 am ET1min read
META--
META stock price crashed by over 1% due to concerns about the impact of a $600 billion AI spending splurge by tech firms in 2026 on profitability and a potential existential threat to software firms. Data analytics firms like Thomson Reuters and RELX saw significant declines, with the S&P 500 software and services index falling 8% this week. Investors are de-risking and reassessing the implications of AI for the market.
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