Meta, Microsoft shares plunge as investors fear AI spending is overhyped

Shares in Meta and Microsoft plunged Thursday after the tech giants announced plans to ramp up AI spending – and investors worried that the cash might not yield major payouts. Fears that artificial intelligence investments have been overhyped sent the tech-heavy Nasdaq down 1.3% as of about 3:30 p.m. ET Thursday. Meta’s stock cratered about […]