Meta Platforms ($META) rose on April 21, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
-0.09% flat; Q1 earnings due this week; $135B AI spending blitz; 8,000 worker layoffs (10% of workforce) announced for May 20
The Bull Case
AI infrastructure investment positioning for long-term dominance; smart glasses competitive advantage vs. Apple; WhatsApp Premium expansion; power deals with Noon Energy
The Bear Case
Massive AI capex ($135B) pressures near-term profitability; 8,000 layoffs signal cost concerns; Q1 earnings could disappoint if growth slows; RSI at 63.14 shows consolidation
Price Target & What to Watch
$847.11