Meta Shares Decline Despite Strong Q1 Results Due to Higher AI Capital Expenditure Outlook
Meta (NASDAQ:META) shares fell by 8.55% despite exceeding revenue and earnings expectations, as investors reacted negatively to the company's increased capital spending guidance for AI infrastructure in 2026. The higher capex outlook of up to $145 billion overshadowed strong ad business performance.
Topics: AI capital expenditure Meta Q1 results stock price decline