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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAmid intensifying scrutiny over the costs of the AI race, Mark Zuckerberg's net worth dropped by $18 billion following a slide in Meta's share price. This decline was triggered by investor concerns regarding the company's increased capital expenditure guidance, which overshadowed revenue growth and raised questions about the timeline for AI-driven profitability.
In contrast to the spending concerns at Meta, peer data showed varying momentum within the sector; Microsoft reported that its AI assistant, Copilot, has reached 30 million paid users. Per market data, MSFT closed at $390.54 on July 29, 2026, while other big tech peers like GOOGL stood at $390.54 on the same date, highlighting the market's selective focus on AI monetization metrics.
Meta shares closed at $585.61 as of July 29, 2026, after trading between a day low of $582.22 and a high of $599.97. Looking ahead, traders should monitor the Dallas Fed Manufacturing Index scheduled for July 27, 2026, which may offer broader context on the business environment for major U.S. technology firms.