META stock falls for a ninth consecutive session as investors focus on rising capital expenditures and AI monetization concerns.
Meta shares declined for a ninth straight day, marking the longest losing streak in the company’s history. The drop pushes META below key technical moving averages as investors brace for its second-quarter earnings report after the close today.
Market attention centers on Meta’s capital expenditures plan, particularly after Alphabet’s recent warning about higher-than-expected spending spooked investors. Meta’s stock has underperformed for over a year, coinciding with significant increases in annual capex. Analysts debate whether generative AI investments will drive monetization on platforms like Instagram and Facebook.
Deutsche Bank analyst Benjamin Black highlighted capex as a critical debate, with projections suggesting potential pressure on spending controls. The chorus for Meta to rein in costs may grow louder if capex forecasts rise further.