Meta Platforms ($META) rose on May 19, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
10% workforce reduction (8,000 jobs) starting this week; AI infrastructure pivot
The Bull Case
Aggressive AI cost optimization; analyst price target $1,000 by EOY 2026; data center consolidation benefits; Blackstone partnership on AI infrastructure
The Bear Case
Layoff execution risk; employee morale concerns; 'doomsday' sentiment; near-term operational disruption
Price Target & What to Watch
$819.91