Steep bill for AI buildout punishes Meta, other tech favorites

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 22 Oct, 19:17 UTC

Investors sold shares of Meta Platforms and a wealth of companies central to the AI trade, a day after Meta -- one of the so-called hyperscalers spending billions to build data centers and other infrastructure supporting the AI boom -- said it would issue a new class of shares that will help it…