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Barchart
Wajeeh Khan

Meta Stock Drops on Capex Increase. Should You Buy the Dip?

Doug Anmuth JPM JPMorgan Meta

Meta Platforms (META) stock crashed on Thursday as a massive increase in management’s capital expenditure outlook spooked investors, tempering the company’s solid Q1 earnings beat. 

The tech behemoth now sees its capex falling between $125 billion and $145 billion this year, up sharply from its previous guidance for a maximum of $135 billion. 

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