Meta Stock Holds at $597 Amid AI Capex and Tracking Revolt

Meta shares closed at $597.48 on June 3, down 21% from the $796 high, as the company navigates heavy AI spending and internal pushback. The story began May 25 with AI-agent experiments and a digital twin of Zuckerberg, escalated May 28 when Zuckerberg confirmed a potential cloud unit to monetize excess capacity and raised 2026 capex guidance to $125–145 billion, and continued with paid-subscription tests. On June 4, employee revolt forced concessions on mandatory AI-tracking software, yet the program continues while Dell’s server backlog signals potential Llama adoption upside.