Meta Platforms pares losses on AI computing deal talks

By EC Assets · Published 17 July 2026

Meta Platforms stock pared its losses following reports of discussions regarding an AI computing deal. The company is engaged in talks with Anthropic to potentially acquire compute power. This development comes as Meta Platforms has been making significant investments in artificial intelligence infrastructure. Meta Platforms plans to spend between $125 billion and $145 billion this year on AI infrastructure. The company faces scrutiny over these substantial AI expenditures. Higher spending on AI initiatives, such as data centers, is driving concerns among investors. The artificial intelligence trade has recently lost some momentum. Stocks were on track to slide on Thursday as investors opted to take profit from AI, related assets. Nasdaq 100 futures also showed a decline. Companies including Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla have seen their shares soar. This growth has occurred amid what some describe as AI mania. Fund manager John Hussman suggests the S&P 500 could lose most of its value as this AI enthusiasm cools. Meta stock is currently trading relatively low compared to its five, year averages. Microsoft shares also show a similar trend against their five, year averages. The market's focus on AI investments and associated spending continues to shape investor sentiment. This article is intended for informational purposes only. It does not constitute investment advice.