Meta stock faces heavy selling pressure on November 5, 2026, opening near $632 before dropping toward the $600 level amid post-midterm election concerns over AI data center permitting and infrastructure costs. Traders cite Meta’s elevated 2026 capital expenditure guidance of $135–145 billion, negative free cash flow in the latest quarter, and plans for up to $95 billion in equity raises that raise dilution risks. These factors outweigh strong third-quarter advertising revenue growth of 26% and rapid early adoption of the Muse AI agent, which reached more than 10 million U.S. and Canada users shortly after launch. The next earnings release in late January 2027 remains the primary upcoming catalyst for any sentiment reversal.