Meta Platforms (META) shares have stabilized near $610 following a sharp post-Q1 earnings selloff on April 29, where robust revenue growth of 33% year-over-year to $56.3 billion and an EPS beat of $10.44 were overshadowed by guidance for 2026 capital expenditures surging to $125-145 billion to fuel artificial intelligence infrastructure. This escalation in AI spending amid competitive pressures from Google and OpenAI has fueled trader uncertainty, yielding evenly split market-implied probabilities across price ranges for the week of May 4 close, reflecting a lack of near-term catalysts like product launches or regulatory updates. Broader market sentiment, macroeconomic data, and ad revenue trends from platforms like Facebook and Instagram remain key swing factors that could tip the closely contested outcome.