WEBVTT

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Meta's revenue grew 26%.

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The stock still got bonked.

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Why?

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AI has entered the show me the money

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phase.

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In Q3, Meta brought in $64.6 billion.

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Strong.

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But its 2026 CapEx forecast now starts at

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$135 billion, $5 billion higher than its

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old floor, and could reach $145 billion.

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That's data centers and compute on a boss

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level shopping spree.

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The market reaction?

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Meta shares fell about 7% Thursday, while

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the Nasdaq dropped 2.6%.

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The question isn't “Is AI cool?”

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It's “Will these chips earn more than they

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cost?”

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Meta says AI is already helping its ad

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business, but newer AI products may take

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longer to pay off.

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So this isn't “AI is dead.”

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It's “ROI, where art thou?”

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Watch future reports for returns, not just

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bigger budgets.

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Meme verdict, revenue, chef's kiss.

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CapEx, surprised investor.

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Not investment advice.