Meta Platforms Inc. experienced a significant drop in its stock value, with shares down 15%, after reporting its quarterly earnings. Despite surpassing expectations with a first-quarter revenue of $36.46 billion, EPS of $4.71, and advertising revenue of $35.64 billion, the company's stock plummeted due to a disappointing revenue forecast for the second quarter. Meta projected Q2 revenues to be between $36.5 billion and $39 billion, which falls short of the expected $38.24 billion. Additionally, the company reported having 3.24 billion daily active users. The decline in stock value, which reached up to 17%, was further exacerbated by the company's announcement of increased spending on artificial intelligence (AI), with projected expenses for 2024 as high as $40 billion. This substantial investment in AI, coupled with a revenue forecast below Wall Street's expectations, has raised concerns among investors about the cost implications outweighing the potential benefits of AI.