Meta Platforms (NASDAQ:META), a global social networking and AI-driven digital advertising platform, closed at $620.19, down 1.64%. Investors are weighing its heavier AI spending and financing plans while watching AI infrastructure funding and returns. Trading volume reached 50.4 million shares, coming in about 148% above its three-month average of 20.3 million shares. Meta Platforms IPO'd in 2012 and has grown 1,522% since going public. The S&P 500 (SNPINDEX:^GSPC) closed up 0.60% at 7,723, and the Nasdaq Composite (NASDAQINDEX:^IXIC) rose 1.18% to 26,478. Among interactive media and social networking platforms, Alphabet closed at $320.58, up 1.19%, while Snap closed at $6.08, down 4.10%, as investors compared ad-demand resilience and AI spending pressure across sector rivals.
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