Accelerated AI Spending Hits Meta Platforms (META)
Wedgewood Partners, an investment management firm, released its Q4 2025 investor letter. The firm anticipates greater market volatility in the coming years and has tempered its enthusiasm. A copy of the letter can be downloaded here. The Wedgewood Composite returned -1.8% (net) in the fourth quarter compared to 2.7% for the S&P 500, 1.1% for…