Meta Platforms Shares Drop 10% Amid Higher AI-Related Capital Expenditure Forecast
Meta Platforms (META) shares fell 10% on April 30, 2026, erasing $175 billion in market value due to an increased 2026 capital expenditure forecast of $125 billion to $145 billion, driven by AI infrastructure costs. The drop occurred despite Q1 2026 earnings that exceeded expectations, with revenue rising 33% year-over-year to $56.31 billion.
Tickers: $META
Topics: AI Infrastructure Capital Expenditure Earnings Report Meta Platforms Stock Market Reaction