Tech & AI
Meta says it can build superintelligence by scaling up its models
Mark Zuckerberg told analysts that Meta can reach superintelligence by scaling up its AI models, a plan that may keep chip and data center spending high. The shares tumbled 7.0%.
Quick Read
- Mark Zuckerberg said Meta can reach superintelligence by scaling up its models.
- Meta shares tumbled 7.0% on Thursday, on a day when the Nasdaq-100 slid 2.9%.
- Meta beat third-quarter revenue and earnings estimates but raised its full-year 2026 expense forecast.
- Shareholders are set to receive a new class of non-voting shares in January, according to the company.
What did Zuckerberg say about superintelligence?
Meta Platforms (Nasdaq: META) chief executive Mark Zuckerberg told analysts on Wednesday that the company can reach what he calls superintelligence. His path is to make its AI models bigger.
Why it matters: He said Meta will be able to "build superintelligence through scaling." Larger models are already in training after Muse Wonder, the company's most advanced model. He expects them to be far more capable.
Meta also plans to shrink its models into smaller, cheaper versions for personal assistants such as Muse. Zuckerberg said revenue, efficiency and model work all have to advance to pay for the computing buildout.
How did Meta shares react?
Meta shares tumbled 7.0% on Thursday to $648.85, down from $697.52 the day before. The company lost $110 billion in market value. The shares fell a further 0.5% in after-hours trading.
Reports did not tie the decline to a single cause. Technology stocks broadly lost ground that day. The Nasdaq-100 slid 2.9% and the S&P 500 slid 1.2%.
The stock now sits 16.6% below its 52-week high of $777.59. A $1,000 stake bought a year earlier was worth $885 at Thursday's close.
What did Meta report, and what comes next?
What’s next: Meta said third-quarter revenue and adjusted earnings per share both beat analyst estimates. It also raised its full-year 2026 expense forecast, which includes a charge tied to legal proceedings.
Finance chief Susan Li said the company will "continue investing aggressively" in its core business and new AI projects. The open question is whether bigger models earn back their cost. Zuckerberg himself tied the buildout to gains in revenue and efficiency.
Meta plans to give shareholders a new class of non-voting shares in January. The company said the step lets Zuckerberg retain control and gives Meta a new way to raise money for its AI buildout. The next broad market checkpoint is the Federal Reserve's interest-rate decision on Oct. 28 at 2 p.m. ET.
For readers
What it could mean for you: People who own Meta shares directly carry the full weight of its AI plans, with no other holdings to offset them. Zuckerberg's push to train ever-larger models may keep spending on chips and data centers high. The company has already raised its expense forecast. The non-voting share class arriving in January could change what each shareholder holds. It may also give Meta a new way to raise money, which might affect existing stakes if the company uses it.
Questions and answers
What did Mark Zuckerberg say about superintelligence?
He told analysts on Wednesday that Meta will be able to "build superintelligence through scaling." He said larger models are already in training and expects them to be far more capable.
Why did Meta stock fall?
Meta shares tumbled 7.0% on Thursday, but reports did not tie the drop to a single cause. The decline came as technology stocks broadly fell and after Meta raised its full-year expense forecast.
What are Meta's new non-voting shares?
Meta said it will give shareholders a new class of non-voting shares in January. The company said this lets Zuckerberg retain control. It also gives Meta a new way to raise money for its AI buildout.
The numbers
| Meta Platforms (META) price | $648.85 |
|---|---|
| Meta Platforms (META) change | −6.98% |
| Meta Platforms (META) market value | $1.4 trillion |
| Meta Platforms (META) 52-week high | $777.59 |
| S&P 500 change | −1.21% |
| 10-year Treasury yield | 4.96% |
Thursday’s close
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