Meta Drops 8% After $145B CapEx Shock

Meta Platforms shares fell roughly 8% to around $614 in early trading on April 30, despite the company reporting a strong Q1 FY2026 earnings beat. The steep drop was triggered by a significantly larger capital expenditure commitment for the year, alarming investors. The stock had closed the previous session at $669.12 before being indicated near $606.55 ahead of the open. The massive $145 billion CapEx plan has raised concerns among investors about whether Meta's aggressive AI spending is becoming difficult to control.