Meta Increases AI Capital Expenditures by 7% in 2026, Leading to Share Price Drop
Meta Platforms (META) reported a 7% increase in AI capital expenditures for 2026, leading to an 8.6% drop in its share price following its earnings report. While the company saw a 33% year-over-year revenue increase, the higher-than-expected spending on AI initiatives raised concerns among investors.
Tickers: $META
Topics: AI spending Earnings report Meta Platforms Stock price movement