Meta stock is back under pressure after a sharp weekly decline broke a bearish technical setup and renewed concerns about the company’s rising AI infrastructure bill. META closed near $593 on June 5 after falling 5.51% on the day, with an intraday low near $583 and volume above 30 million shares. The move extended a rough week for the Facebook and Instagram parent, which has been trading far below its 52-week high of $796.25 while investors debate whether Meta’s AI spending can turn into enough revenue to justify the cost.