Meta stock slides as “Meta Compute” plan spotlights AI spending and power risk
NEW YORK, Jan 13, 2026, 09:36 EST — Regular session Meta Platforms shares slipped 1.7% to roughly $642 in early New York trading Tuesday following CEO Mark Zuckerberg’s announcement of a new “Meta Compute” initiative aimed at expanding the company’s AI infrastructure. The wider market held firm, with the S&P 500 and Nasdaq indices edging up slightly. The announcement comes as investors remain wary of hefty, long-term spending, even among mega-cap tech giants. Meta’s strategy hinges on scale — ramping up chips, data centers, and power — yet the market is still grappling with the timing and size of expected