US Stock Market Move | Meta (META.US) fell over 9% as concerns rise over increased capital expenses.

On Thursday, Meta (META.US) fell more than 9%, closing at $605.37. On the news front, despite Meta's first-quarter revenue exceeding expectations, the company raised its annual capital spending cap to $145 billion, $10 billion higher than three months ago, raising investors' doubts about the return on investment in AI. In addition, Meta's daily active users decreased by about 20 million compared to the previous quarter, marking the first quarterly decline in the company's history. Chief Financial Officer Susan Li attributed the reasons to two external factors: internet disruptions in Iran and access restrictions to WhatsApp in Russia. She mentioned that excluding these impacts, user growth should be positive, but did not disclose specific numbers. In the first quarter of 2026, Meta's total revenue reached $56.311 billion (analysts had expected $55.513 billion), a 33% year-on-year increase. Net profit reached $26.773 billion, a 61% year-on-year increase, including $8.03 billion in income tax benefit.