Meta Platforms is trading at ARS 35180.00, down 8.9% today after reporting a Q2 earnings miss and signaling a massive increase in capital expenditure for AI infrastructure.
- Revenue rose 28% year-over-year, but expenses jumped 55% and quarterly capex nearly doubled as the company aggressively builds out its AI capabilities.
- Management raised full-year spending guidance to as high as $145 billion, prompting multiple analysts to cut price targets despite a broader rally in the tech sector.