Meta shares dip after Zuckerberg says AI agent progress lagged expectations over past four months

Meta CEO Mark Zuckerberg told an internal meeting that development of the company’s AI agents has not progressed as expected over the past four months, and said recent organizational changes fell short of their intended impact. The comments followed Meta’s decision to rent additional AI computing capacity via cloud services, adding to investor questions about whether AI infrastructure spending is outpacing demand. Meta has lifted its 2026 capital expenditure guidance to $125 billion–$145 billion even as concerns grow that returns on AI investment could deteriorate. The company posted Q1 revenue growth of 33% and net income growth of 61% as advertising remained resilient, but the stock is still 23% below its 52-week high.