Meta (META) Shares Sink 7% as Rising AI Price Tag and Regulatory Risks Cloud Q1 Earnings Beat

Meta Platforms (NASDAQ: META) shares tumbled 7.22% to $620.79 in post-market trading on April 29, 2026, as investors reacted sharply to a significant hike in the company's capital expenditure guidance. Despite reporting a massive bottom-line beat, the social media giant’s pivot toward building a Superintelligence Lab triggered a wave of AI sticker shock across Wall Street.