🔴 Meta is trading 9.3% down today after Q2 earnings miss and massive AI capex hike

Meta is trading 9.3% down at $531.04 after missing Q2 profit expectations and significantly raising its AI-related capital expenditure forecast.

• The company increased its full-year capital expenditure outlook to $130B–$145B, signaling a heavy investment phase in AI infrastructure.
• Free cash flow plummeted by 91%, sparking investor concerns regarding long-term margins and profitability.
• The sharp decline comes as a reaction to the spending outlook, even as broader market indices trade modestly higher.