Meta Shares Rebound After 4% Dip on AI Capex Concerns

On July 9, Meta stock fell as much as 4% before recovering to positive territory amid reports of major supplier deals tied to its aggressive AI buildout. The pullback followed news of a multi-year NAND agreement with Sandisk and plans to source DRAM from Samsung, highlighting investor concerns over $145 billion in 2026 capex versus $136.6 billion expected operating cash flow. The reaction builds on earlier reports of a $6.5 billion Samsung Foundry deal for third-generation MTIA chips using 2nm technology, announced July 3-4, which analysts viewed as a positive diversification from TSMC. Shares had traded near $600 in early July, down 8.3% YTD despite strong Q1 results.