META stock dropped 2.15% in after-hours trading, closing at $655.79, as the broader market reacted to risk-off sentiment and ongoing concerns about high AI capital expenditure across the tech sector.
- The after-hours decline extends a significant weekly drop of approximately 10% since the peak on 2026-01-29.
- The movement occurred without major company announcements and is attributed to broader Nasdaq pressure and fears regarding AI capex at peers like AMZN and GOOGL.
- Prior Q4 2025 earnings showed strong 24% revenue growth, but the projected $115-135B 2026 AI capital expenditure continues to fuel profitability concerns.