New Delhi, March 16 -- Artificial intelligence has been a persistent sticking point for Meta Platforms but its problems compared with the other Magnificent Seven stocks have been greatly exaggerated.

Meta stock tumbled 3.8% on Friday on a report that the Facebook and Instagram parent was delaying the release of its upcoming AI model after it failed to perform as well as rivals. Meta may even consider temporarily licensing Google's Gemini for use in its products, the New York Times reported, citing unnamed sources.

Meanwhile, Reuters reported Saturday that the company was planning layoffs that could affect 20% of the company's nearly 80,000 employees. When approached for comment on the report, Meta spokesperson Andy Stone dismissed it as...