Meta Platforms' Stock Declines After Increased Capital Expenditures Despite Strong Q1 Earnings
Meta Platforms (META) stock fell 8.5% following its Q1 earnings report, despite strong financial results, due to concerns over increased capital expenditures. The company raised its 2026 capex forecast to $125 billion to $145 billion, driven by higher memory and data center costs. The stock is currently down 7% year-to-date but has gained 11.5% over the past year.
Tickers: $META
Topics: AI Growth Capital Expenditures Earnings Report Meta Platforms Stock Price Movement