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Shares of Meta Platforms fell this week after reports that the social media company is delaying the rollout of its newest custom artificial intelligence (AI) model. The New York Times reported that the model—code-named Avocado—did not meet internal benchmarks when compared with leading models from rivals including Alphabet and OpenAI.
According to the report, Meta is considering temporarily licensing Alphabet’s Gemini model to power its AI products while it works to bridge the performance gap. The delay and the comparison to rival systems appear to have heightened investor concerns, particularly given Meta’s premium valuation tied to expectations of leadership in the AI race.
For investors who have priced Meta’s stock around its perceived AI momentum, news of a delay and underperformance versus competitors was enough to trigger a negative reaction. The reports suggested that Meta’s next custom model may not be ready on the expected timeline, and that the company may need an interim solution to maintain product capabilities.
Despite the market’s pessimistic response, the article argues that the underlying business remains strong. It also notes that management had already prepared for this kind of scenario, implying that the company may have contingency plans in place if a new model falls short of internal targets.
While the headline spooked some investors, the article frames the move as a potential opportunity to reassess the situation in light of Meta’s broader business performance and the reported planning around the model’s rollout.
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