🩸 Meta crashes despite beating earnings
$META is down 10% even after strong results:
📈 Revenue: $56.31B
📈 EPS: $10.44
Both beat expectations.
💣 But investors focused on something else:
Meta now plans to spend up to $145 BILLION on AI infrastructure this year.
👇 That’s an enormous bet on AI data centers before major revenue fully arrives.
And there’s another concern:
⚠️ The EPS number included an $8B one-time tax benefit.
Without it, adjusted EPS was closer to $7.31.
Markets are starting to question whether AI spending is becoming TOO aggressive.