Meta stock tumbled nearly 9% Thursday on its disappointing earnings report, extending a record losing streak, even as Microsoft and chipmaker stocks soared. Menlo Park, Calif.-based Meta said Wednesday that its free cash flow has plunged 91% over the past year to $784 million, as it plans to spend as much as $145 billion this year on memory chips and data centers. During Meta’s earnings call Wednesday, CEO Mark Zuckerberg failed to provide a clear timeline on when that massive capex will start generating returns, and Meta’s second-quarter earnings and its forecast for the current quarter missed Wall Street estimates. Shares closed at $539.03, down 8%. The stock is down 11% over the past week and hit 11 days in the red, its longest-ever losing streak. In the second quarter, Meta reported earnings per share of $6.18 on revenue of $60.8 billion, missing Wall Street expectations of earnings of $7.14 a share on $60.2 billion in revenue. It expects revenue in the current quarter to reach $61 billion to $64 billion, or a middle point of $62.5 billion, missing estimates of $63.15 billion. Zuckerberg said Wednesday that Meta is “getting a lot of offers for compute at a significant premium” over what the company paid for it, but he did not share details on how the company might start selling off its trove of coveted compute. On Thursday,