🔴 Meta is trading 8% down today on raised AI capex guidance and weak user growth

META is trading at $616.01 (-7.94%) following a significant hike in 2026 capital expenditure guidance for AI infrastructure.

• While Q1 revenue grew 33% to $56.3B on strong ad demand, the projected $125B–$145B in AI spending sparked investor concerns over long-term returns.
• Shares were further pressured by weak user growth, underperforming the broader market as the S&P 500 and NASDAQ rose 0.86% and 0.95%, respectively.