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Meta's stock declines sharply amid technology sector downturns
Meta's stock fell by 5.56% to reach $627.57, impacted by a broad sell-off in the tech sector, driven by investors' concerns over slowing profit growth and the company's increased spending on AI projects. Since the beginning of the year, Meta's shares have declined by 4.75%. Wedbush analysts expect the target price for the stock to decrease from $900 to $671 due to worries about limited near-term earnings growth.
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