Meta is 'throwing spaghetti at the wall' with its AI strategy, one analyst warns

Meta's stock plunged about 10% after the company disclosed capital spending is growing much faster than revenue, alarming investors about AI-related cash burn.
Analysts say Meta's many AI rollouts feel unfocused — "throwing spaghetti on the wall" — and that ~98% of revenue still comes from traditional ads, so AI returns are unclear.
Meta defends the strategy, noting AI tools power 9 million small businesses and Muse Spark lifted daily AI assistant interactions ~60%; Zuckerberg says bigger models will drive future growth.