Meta Platforms is trading 9% down at ARS 35040.00 as investors react to a Q2 earnings miss and a substantial increase in AI-related capital expenditure.
- While the company reported robust 28% revenue growth, EPS of $6.18 missed market expectations, triggering follow-through selling in the local listing.
- Management raised AI-related capex guidance to $130–$145 billion, weighing on free cash flow projections and leading to several analyst price target cuts.