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Meta Platforms, Inc.

META · NASDAQ

Market open$642.72$-21.82 (-3.28%)

Key statistics

Previous close$664.54
Open$647.70
Day high$652.20
Day low$626.00
52-week high$796.25
52-week low$520.26
Market cap1.63T
Volume17.81M
Average volume21.02M
P/E ratio19.07
Forward P/E13.56
EPS33.71
Dividend yield+0.33%

Market context

Why it moved

META shares fell as the broader AI trade lost momentum amid investor profit-taking, compounded by negative headlines including a lawsuit alleging the company used AI to target employees with medical conditions for layoffs and growing concerns about the sustainability of its massive capital expenditure commitments.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Meta Platforms shares are falling sharply, dragged lower by a broad AI sentiment reversal as investors reassess the pace and payoff of massive capital spending commitments. The selloff comes as Wedbush slashed its price target on Meta from $900 to $671, citing concerns over the company's $125–$145 billion 2026 capex guidance and internal indications from Zuckerberg that AI agent development has lagged expectations. Adding to the pressure is a wider tech rout — semiconductors are plunging amid AI overcapacity fears and a new powerful Chinese AI model release — while Netflix's disappointing Q2 guidance and escalating U.S.-Iran military tensions are driving broad risk-off flows. The Communication Services ETF (XLC) is also under pressure, declining alongside the broader market. Partially offsetting the negative tone, the New York Times reported Meta is in talks to lease $10 billion in computing capacity to Anthropic, and the company separately hired a senior AWS executive to bolster its data center buildout — moves that could validate Meta's cloud infrastructure ambitions ahead of its Q2 earnings report on July 29.

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July 17, 2026Meta Platforms fell nearly 2.5% Thursday, giving back a portion of its recent AI-driven rally, as a broad selloff in tech and AI-linked stocks weighed on the communication services sector. The pullback came despite strong underlying narratives: Wedbush cut its price target to $671 while maintaining a Buy rating, and the stock remains up roughly 15% over the past month following a major rerating tied to AI infrastructure ambitions — including plans to lease surplus compute capacity to enterprise clients and the launch of its Muse Spark 1.1 Model API, priced well below rivals. With Q2 earnings approaching, investors are focused on capex efficiency and early AI monetization signals.

-2.4614

July 16, 2026Meta Platforms shares surged, outperforming the broader Communication Services sector as investors continued to reprice the stock's AI infrastructure story. The rally extends a stunning multi-week rerating driven by three catalysts: Meta's launch of the Muse Spark 1.1 model and developer API—priced at roughly 25% of rival costs from OpenAI and Anthropic—its plans to expand AI compute capacity to 14 gigawatts by 2027, and reports it is exploring an AWS-style cloud business to monetize excess infrastructure. Adding to the bullish backdrop, Meta confirmed Q2 earnings will be released on July 29, with consensus expecting ~27% revenue growth to ~$60B. UBS maintained Buy but trimmed its target to $766, while the broader market found support from a cooler-than-expected June CPI print. A new employee lawsuit alleging AI-assisted layoffs discriminated against workers on protected leave adds a minor legal overhang, though analysts view it as immaterial to near-term financials.

3.0664

July 15, 2026Meta Platforms edged up modestly, extending its remarkable ~21% rally over the past three weeks as Wall Street continues to re-rate the stock on AI monetization prospects — including the upcoming Iris chip mass production in September, the Meta Model API launch, and a potential cloud computing business. Helping today's session, a softer-than-expected June CPI report lifted tech broadly, though gains were capped by a UBS price target cut to $766 from $865 and a new lawsuit alleging Meta's AI-driven layoff process discriminated against workers on protected leave. Investors are also eyeing Meta's Q2 earnings call on July 29 as the next key catalyst.

0.6563

July 14, 2026Meta Platforms closed lower amid a broad market selloff driven by renewed U.S.-Iran military tensions that sent oil prices surging and pressured tech stocks, with chip weakness adding headwinds after SK Hynix's steep Asian selloff rattled the AI trade. The decline came despite a string of major announcements: Meta revealed a $50B+ expansion of its Hyperion data center in Louisiana targeting 5 GW of capacity, and UBS trimmed its price target to $766 from $865 (maintaining Buy) while Cantor Fitzgerald raised its target to $770—both moves reflecting recalibration after META's blistering 15% weekly surge last week fueled by AI infrastructure cost breakthroughs and the Muse Spark 1.1 model API launch.

-1.8649

July 11, 2026Meta Platforms surged nearly 6%, its best single-day gain in months, as investors rallied behind a major AI offensive: CEO Mark Zuckerberg launched Muse Spark 1.1 — an agentic coding model priced aggressively to undercut OpenAI and Anthropic — alongside the Meta Model API, signaling a pivot toward monetizing AI beyond advertising. Zuckerberg also confirmed Meta is exploring renting out surplus AI compute capacity, raising the prospect of a cloud business to rival AWS and CoreWeave. The stock outpaced the broader market (S&P 500 +0.4%) and the Communication Services ETF (XLC) on more than double average volume. Analysts at Citizens and KeyBanc raised price targets, though Citizens trimmed slightly to $800 citing massive 2027 capex expectations. Headwinds include EU preliminary findings of DSA violations over 'addictive' platform design (potential fines up to ~$12B) and a forced unwind of Meta's $2B Manus AI acquisition after Beijing ordered the deal reversed.

5.9749

July 10, 2026Meta Platforms surged nearly 5%, outperforming the broader Communication Services sector, as a cascade of major AI infrastructure announcements fueled investor enthusiasm. Mark Zuckerberg confirmed the company is exploring an AI cloud business to monetize surplus compute, while Reuters reported Meta plans to expand computing capacity to 14 gigawatts by 2027 and begin production of its proprietary 'Iris' AI chip in September. The company also launched Muse Spark 1.1 — its first pay-to-use agentic AI model — and broke ground on a C$13 billion data center in Alberta, Canada. Shares extended gains in after-hours trading, adding another ~1.3%, as investors cheered Meta's pivot from pure AI consumer to a potential cloud infrastructure provider, a narrative that analysts at Goldman Sachs, BofA, and Wells Fargo (PT $767–$835) see as a significant monetization opportunity.

4.7022

July 9, 2026Meta Platforms shares fell roughly 2% Wednesday, underperforming after a strong Tuesday rally, as broader market risk-off sentiment driven by the collapse of the U.S.-Iran ceasefire framework and surging oil prices weighed on mega-cap tech. The macro headwinds overshadowed a busy news day for the company: Meta announced a C$13 billion investment to build its first Canadian data center in Alberta, France's competition regulator ordered Meta to negotiate copyright payments with press publishers, and reports surfaced of prototype 'super-sensing' AI glasses raising privacy concerns. These pressures follow Tuesday's 2.6% surge tied to the launch of Muse Image, Meta's first standalone AI image generation model, with analysts at Needham and others citing the pivot to proprietary AI as a monetization catalyst ahead of Q2 earnings.

-2.0241

Bloomberg.com · July 17, 2026Meta in Talks to Sell Computing Power to Anthropic, NYT ReportsWSJ · July 17, 2026Exclusive | Meta Plans to Hire Top Amazon Computing Executive as It Weighs Cloud PushInvesting.com · July 17, 2026Why is Meta Platforms stock sliding today?CBC · July 16, 2026Meta will now tell parents if their teens talk about suicide with the company's AI chatbotReuters · July 14, 2026Meta used AI to target workers with medical conditions for layoffs, lawsuit claimsInvestor's Business Daily · July 13, 2026AI Costs Keep Rising As Morgan Stanley Ups CapEx Estimates For Amazon, MetaInvestor's Business Daily · July 9, 2026Meta Stock Jumps As AI Battle Heats Up. Zuckerberg Says Cloud Business 'Make Sense.'Meta Investor Relations · May 28, 2026Meta Announces Quarterly Cash Dividend
Benzinga · July 17, 2026'U.S. Judge Will Not Block Meta Platforms Layoffs In Novel AI Discrimination Case' - Reuters News
Mt Newswire · July 17, 2026Market Chatter: Meta in Talks to Lease Computing Power to Anthropic
Mt Newswire · July 17, 2026Meta in Talks to Lease Computing Power to Anthropic, The New York Times Reports
Benzinga · July 17, 2026'Meta In Talks To Lease Computing Power To Anthropic In Potential $10 Billion Deal; A Deal Would Underline How Scarce Computing Power Is For Artificial Intelligence Development, And Could Create A New Business For Meta' - NY Times
Benzinga · July 17, 2026Here’s How Much You Would Have Made Owning Meta Platforms Stock In The Last 10 Years
Mt Newswire · July 17, 2026Update: Market Chatter: Meta Taps Senior AWS Executive in Efforts to Bolster AI Infrastructure
Benzinga · July 17, 2026Nebius Extends Slide as Competition Fears Overshadow Rapid Capacity Growth
Mt Newswire · July 17, 2026Market Chatter: Meta Taps Senior AWS Executive in Efforts to Bolster AI Infrastructure

Peers

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