$Meta Platforms (META.US)$ had great earnings but the in lin...

$Meta Platforms(META.US)$ had great earnings but the in line guide and especially the Capex up 8-16% led to the selloff.
Before panic spreads, just keep in mind that $Meta Platforms(META.US)$ bottomed once it stopped spending on the metaverse.
Investors are likely scared of a renewed downturn due to the Capex, which in itself led to the pullback.
The next weeks will tell us if AI has the same appeal to Investor it did. over the last months of it the AI craze needs rest for now.
Keep in mind $Super Micro Computer(SMCI.US)$ and $NVIDIA(NVDA.US)$ just pulled back, so the combination of heightened spending and a quieter hype wasn’t ideal.
Nonetheless that spending is needed on order for $Meta Platforms(META.US)$ to compete with other FAANGS and especially $Alphabet-A(GOOGL.US)$ .