Meta Shares Fall on Increased 2026 Capital Spending Plans
Meta shares fell 10 percent as the firm raised its 2026 capital spending forecast to 145 billion dollars. High AI costs worry investors who lack a cloud buffer.
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META PLATFORMS INC-CLASS A shares fell 10% on April 30 despite reporting $56.3 billion in first-quarter revenue, beating estimates of $55.5 billion. The decline followed Meta raising its 2026 capital expenditure forecast to a range between $125 billion and $145 billion. Investors are reacting to rising infrastructure costs that lack the immediate cushion of a cloud computing business.
