Meta Falls on Forecast; Microsoft Gains on Cloud; Qualcomm Declines
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Shares of Meta Platforms Inc. (META) fell in the aftermarket session, after the company gave a disappointing revenue forecast for the current quarter, intensifying investor concerns about the social media giant’s unprecedented spending on artificial intelligence. Meta said third-quarter revenue will be $61 billion to $64 billion, with the midline of that range below the average analyst estimate of $63.2 billion, according to data compiled by Bloomberg. Meta relies on its advertising business to…
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