Meta Raises 2026 AI Spending Forecast to $125 Billion-$145 Billion Amid Q1 Earnings Report
Meta Platforms (META) stock fell after its Q1 earnings report, as the company raised its 2026 AI spending forecast to $125 billion-$145 billion. Despite beating earnings and revenue expectations, the increased spending outlook led to a 10% drop in stock price. The company reported EPS of $10.44 and revenue of $56.3 billion, exceeding analyst forecasts.
Tickers: $META
Topics: AI spending capital expenditures Meta Platforms Q1 earnings stock price movement