🔴 Meta is trading 3.1% down as investors weigh AI spending ahead of earnings

Meta is trading 3.1% lower at $683.59 as investors focus on its October 21 earnings report and AI spending.

• Reuters reports analysts expect sharply higher quarterly capex and cash burn, amid concerns over capex and AI-investment returns.
• The Nasdaq is down 0.84%, adding technology-market pressure; no separate company announcement was identified as a catalyst.
• Earnings caution and sector weakness are consistent with the decline, but reporting does not establish either as explaining the full intraday move.