Meta's stock price during the week of August 3 has been shaped primarily by the market's digestion of its July 29 Q2 earnings release, where revenue beat estimates at $60.8 billion but EPS missed and third-quarter guidance came in light while the company raised 2026 AI-related capital expenditure to $125–145 billion. The resulting post-earnings selloff exceeded 10% initially, reflecting trader concerns over compressed free cash flow and heavy infrastructure investment in large language models and data centers. Subsequent analyst support from firms like Morgan Stanley and Mizuho, combined with Meta AI's rising U.S. user share and broader sector AI momentum, drove a sharp rebound with elevated volume on August 3. Key near-term influences include ongoing AI safety discussions involving regulators and competitors, alongside Meta's ongoing platform monetization and competitive positioning against OpenAI and Google. No major company-specific catalysts are scheduled before the next earnings cycle.