Meta stock sinks after Q1 earnings as company raises 2026 AI spending forecast to $125 billion-$145 billion

Meta Platforms' first quarter earnings report on Wednesday will offer a key check on Big Tech's appetite for AI spending.
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Meta stock sinks as company raises 2026 AI spending forecast to $125 billion-$145 billion

Meta Platforms (META) stock fell late Wednesday after the company announced plans to increase its AI spending, partially as a result of higher input costs, which overshadowed another beat on the top ...