Meta Platforms (META) Stock Plunges 8% on Massive $145B AI Infrastructure Forecast
Key Takeaways Shares of META declined roughly 8% during extended trading hours following quarterly results First quarter earnings reached $10.44 per share with revenues totaling $56.3 billion, surpassing analyst projections Capital expenditure outlook for 2026 increased to a range of $125B–$145B from the prior $115B–$135B estimate, driven by elevated component pricing The platform’s daily active users increased 4% annually, reaching 3.56 billion The social media giant recently revealed workforce reductions affecting 8,000 employees, representing roughly 10% of total staff Meta Platforms delivered impressive first-quarter results, yet Wall Street’s attention quickly shifted to the company’s escalating investment plans and their substantial financial implications. The company’s quarterly earnings of $10.44 per share significantly exceeded analyst expectations of $8.15. Total revenue reached $56.3 billion, surpassing the Street’s $55.5 billion projection. However, excluding a o...