Meta Platforms ($META) rose on April 28, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
China blocks Manus AI acquisition; geopolitical tech rivalry; Q1 earnings this week with record capex
The Bull Case
Earnings could show strong AI infrastructure investments paying off; Manus deal unwinding unlikely to materially impact AI roadmap; strong Q1 revenue growth expected
The Bear Case
Down 1.24% on session; China regulatory block signals escalating US-China tech tensions; forced unwinding of Manus deal removes key AI agent capability; massive capex doubling may pressure margins; RSI at 58.55 neutral
Price Target & What to Watch
Target: $847.11 (vs. current $670.20)