Meta Platforms' stock fell over 3% despite announcing its AI Llama models surpassed 1 billion downloads, a significant milestone. This drop brings Meta's stock perilously close to its 200-day moving average, following a remarkable 380% rally earlier this year. Analysts are concerned about broader economic conditions, such as tariffs and consumer sentiment, which have led to downward adjustments in price targets for Meta and other tech stocks. The open-source nature of Llama models may enhance innovation, yet the company's future growth remains uncertain amidst market fluctuations.
Meta's stock performance continues to suffer despite reaching an AI milestone of over 1 billion downloads for its Llama models, raising concerns for investors.
The company's open-source Llama models allow developers to innovate with AI, but investors worry about the stock's long-term growth potential amid economic downturns.
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