Stock Market Today, April 30: Meta Falls as Higher AI Capex Outlook Overshadows Strong Q1 Results

Meta Platforms fell 8.55% to $611.91 after Q1 results that beat on revenue and EPS but were overshadowed by sharply higher AI and infrastructure capex guidance. The market is focused on rising spending pressure and what it means for future margins and free cash flow. The selloff suggests investors are prioritizing cost intensity over the earnings beat.

Analysis

Meta Platforms fell 8.55% to $611.91 after Q1 results that beat on revenue and EPS but were overshadowed by sharply higher AI and infrastructure capex guidance. The market is focused on rising spending pressure and what it means for future margins and free cash flow. The selloff suggests investors are prioritizing cost intensity over the earnings beat.