Meta Exceeds Earnings Expectations Despite Stock Sell-Off Amid Concerns Over AI Spending
Meta Platforms (NASDAQ: META) reported strong first-quarter earnings with a 33% revenue increase to $56.3 billion and operating margins of 41%. However, the stock fell after results due to concerns over Meta's aggressive spending on artificial intelligence. The company raised its capital expenditures for AI by $10 billion in 2026.
Topics: AI spending Meta stock performance Wall Street sentiment