Meta's $125B AI Capex Draws Wall Street Attention at $631

Meta's aggressive 2026 AI infrastructure push is now the dominant narrative, with capex guidance lifted to $125-145 billion drawing fresh analyst focus even as shares trade near $631. The stock rallied sharply in early July after ten analysts raised targets to as high as $865 on speculation Meta would rent excess compute capacity, but has since given back gains amid concerns over heavy spending. Despite the choppiness, Q1 results showed 33.1% revenue growth to $56.31 billion and a 56.79% EPS beat, keeping most firms bullish with consensus targets around $835. Reality Labs losses and ongoing regulatory risks remain the key offsets to the long-term AI monetization thesis.