🔴 META is trading 3.1% down today on AI spending worries and Avocado model delay

META is trading at $618.22 (-3.1%) on concerns over massive AI infrastructure spending and reports of a delayed model release.

• The stock is extending a multi-day decline from its March 4 high of $667.73, as investors worry that heavy capital expenditures could erode profit margins despite strong earnings.
• Reports highlight a delay in the Avocado AI model after it underperformed benchmarks, further dampening retail sentiment.
• META is significantly underperforming the broader market today, with the Nasdaq down a more modest 0.42%.