Meta Shares Drop Despite Strong Q1 Results Due to Higher AI Capital Expenditure Outlook
Meta Platforms (META) shares fell 8.5% on April 30, 2026, despite reporting strong Q1 results, as investors focused on the company's increased 2026 AI and infrastructure capital expenditure guidance. The higher spending plans, potentially reaching $145 billion, overshadowed the positive earnings and revenue figures, leading to a significant drop in the stock price.
Topics: AI Infrastructure Capital Expenditure Earnings Report Meta Platforms Stock Performance