Meta Platforms has seen its stock pull back sharply to around $610–620 following April 29 earnings that beat revenue estimates but triggered an 8–9% selloff after management raised 2026 capital-expenditure guidance to $125–145 billion to accelerate AI infrastructure. Traders are focused on whether the heavy spending on large language models and data centers will translate into faster advertising efficiency gains or continued margin pressure in the near term. With no major catalysts scheduled before May 18, daily price action will likely hinge on broader tech-sector rotation, any fresh AI benchmark updates from Meta Superintelligence Labs, and macroeconomic signals affecting growth stocks. The market-implied odds reflect ongoing debate over whether Meta’s AI build-out can offset the elevated spending without near-term dilution or slower user monetization.