Meta shares fall despite 33% revenue growth... continues aggressive AI investment

Meta beat Q1 expectations with $56.3B in revenue and $26.8B in net income, but shares fell more than 5% after hours.

The company said it could spend up to $145B this year on capex, driven by aggressive AI data center expansion.

Investors focused on profitability risks from heavy AI spending and cost-cutting plans despite strong results.

The update highlights how Big Tech’s AI spending race is starting to weigh on stock performance.