Why Meta Stock Dropped -- Then Bounced Back
Confirmation of Meta's AI spending plans sank the stock today -- temporarily.
Overview
Reports that Meta Platforms (NASDAQ: META) has signed a "multi-year" deal to secure flash memory from Sandisk (NASDAQ: SNDK) sent Sandisk stock flying -- and Meta stock dying -- early this morning. Meta stock initially fell 4% on the news, before recovering.
As of 11:40 a.m. ET, Meta stock is back in the green, up 0.5%.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.