Meta’s stock price has come under pressure from its third-quarter earnings, where strong revenue growth of 26% to $64.6 billion and early traction for the Muse personal AI agent were overshadowed by sharply higher capital expenditure guidance of $135–145 billion plus $825 billion in long-term AI infrastructure commitments. Traders are weighing these aggressive investments in large language models and data centers against near-term free cash flow impacts and broader tech sector rotation away from AI hype. A pending $25 billion legal settlement and plans for non-voting shares to fund expansion without diluting control add further uncertainty. With only a handful of trading days left in October, sentiment hinges on any incremental AI monetization updates or macroeconomic signals that could stabilize or extend the recent pullback from highs above $770.