Cathie Wood's ARK Invest bought 38,110 Meta Platforms shares across three ETFs on Thursday, as the stock fell nearly 7% to close at $648.85 after the company's third-quarter earnings report. Investor concern over AI spending grew after Meta raised the lower end of its 2026 capital expenditure guidance by $5 billion to a range of $135 billion to $145 billion, and announced plans for publicly listed, non-voting Class C shares in January 2027. Meta's five-year credit default swaps rose to a record 114.79 basis points, though Futurum Equities' Shay Boloor said the widening could reflect banks hedging their exposure rather than a weaker credit profile. Wedbush said Meta gave no additional visibility into its 2027 operating expenses and capital expenditures, while TD Cowen expects the company to issue equity, debt or both to fund its AI expansion. Year to date, Meta stock has erased all its gains and trades marginally lower.
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META
▲ Likely positiveMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.7T |
| Close on 10/22/2026 | 648.85 |
| Change that session | -6.98% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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