Meta shares plunge 10% after earnings as AI spending forecast spooks investors

Published on 30 April 2026

Strong results mattered less than one forecast for 2026

Meta Platforms reported better-than-expected Q1 earnings, yet its stock fell more than 10% and wiped out about $170 billion in market value. Investors focused on a sharper AI spending forecast for 2026, worrying that higher costs could pressure future profitability. Despite strength in user growth and advertising, the outlook for spending outweighed the upbeat quarter.

Meta shares dropped over 10% despite better-than-expected Q1 earnings
About $170 billion in market value was wiped out quickly
Investors flagged a higher AI spending forecast for 2026
User growth and ads strength failed to offset profit concerns

#stocks #earnings #meta #ai spending #market reaction

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Meta shares plunge 10% after earnings as AI spending forecast spooks investors

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