Meta stock sank after its first-quarter results fell short of sky-high expectations
Despite beating consensus expectations, Meta's lighter-than-expected sales forecast for the current quarter disappointed investors
Meta's increased expenses, particularly for its AI initiatives, contributed to the stock's decline.
The company's Q2 guidance, with sales projected below analyst expectations, further fueled the negative response.
Rising costs, including higher capital expenditures and overall expenses, caught some investors off guard.
CEO Mark Zuckerberg emphasized the company's progress in AI development, signaling plans for significant future investments.