Meta Stock Falls Toward $570 on $125B to $145B Capex Plan
Meta stock traded around $570 on Friday, June 12, as investors focused on the company’s $125 billion to $145 billion 2026 capital expenditures plan. The shares were in a tight $568 to $576 range, but they were still far below their one-year peak.
At that level, Meta Platforms was about 28% under its $796.25 high and about 9% above its $520.26 low. For holders who have watched the stock lose 9.4% over the past week and 12.6% year to date, the debate is now less about revenue momentum than about how much the company is willing to spend to keep up in artificial intelligence.
Meta Platforms and the 2026 capex bill
$125 billion to $145 billion is the spending range Meta set for 2026, and it came after the company had already raised its capex outlook from $115 billion to $135 billion alongside first-quarter results. Meta spent $72.2 billion in 2025, roughly $30 billion more than the year before, so the new plan signals another large step up in outlays before shareholders see the full benefit of that investment.
$162 billion to $169 billion is Meta’s total expense guide for 2026, which puts the spending debate beyond data-center construction and into the wider profit picture. The company is still operating as both an advertising business and a major spender in the artificial-intelligence arms race, and that combination is what has kept the stock from breaking away from the $750 area for most of 2026.
Friday, June 12 trading around $570
$570 was where the shares traded on Friday, June 12, even as the broader market rallied. The stock moved between roughly $568 and $576, a narrow band that suggests the market was digesting the capex numbers rather than chasing the shares higher.
218,000 shares changed hands early, versus a daily average near 21.3 million, which left the tape quiet but not indifferent. The lower-third position in the 52-week range shows that traders are still assigning a discount to the spending plan, not a premium to the scale of the AI push.
Meta stock and the recent slide
9.4% was the stock’s decline over the past week, and 12.6% was the drop year to date by Friday. The shares had also been unable to escape a ceiling near the $750 area for most of 2026, after earlier levels had flirted with the $610 to $630 zone.
103.3% is Meta’s three-year total return, a reminder that the recent pullback has come after a large run. For shareholders, the immediate issue is not whether the company can spend; it is whether the market is willing to keep paying up while capex keeps climbing toward the $125 billion to $145 billion range.
