Is Meta Platforms Stock a Buy on the Dip as Revenue Surges?

For the second straight time this year, Meta Platforms (NASDAQ: META) stock was slammed after the social media giant reported its quarterly earnings. Meta now expects 2026 capex of between $130 billion and $145 billion, upping the lower range of its prior $125 billion to $145 billion guidance. Strong revenue growth continuesDespite the sell-off in the stock, Meta's core business continues to perform very well. Meta's advertising revenue climbed 27% to $59.4 billion, while other revenue nearly doubled to $1 billion. Meta's advertising growth was fueled by a 14% rise in ad impressions and a 12% increase in average ad price.