Meta Platforms ' stock dropped more than 10% on Thursday as skepticism about the payoff from its aggressive artificial intelligence spending plans overshadowed strong results. The social media giant lifted its 2025 capital expenditures guidance as it races against competitors to build out advanced AI tools. Meta now expects capex to range between $70 billion and $72 billion, versus prior guidance of $66 billion to $72 billion. CEO Mark Zuckerberg defended the company's ambitious spending plans