Meta Platforms shares dropped 2.40% to $615.95 amid a broader market decline following hot PPI data, while the company faces potential strain on its massive $100B 2026 AI CapEx due to proposed policy changes requiring tech firms to fully fund data center power.
- Analysts remain bullish despite the spending, with targets reaching up to $1,117 (Rosenblatt), citing strong ad performance and demand for AR glasses.
- In early 2026, the company cut >1,000 jobs in Reality Labs and shifted its infrastructure strategy toward nuclear energy and the launch of "Meta Compute" for AI development.