ARK Invest buys 38,110 Meta shares across three ETFs amid AI spending concerns

Meta’s stock was down nearly 7% on Thursday, closing at $648.85, more than 17% below its September 24 peak of $777.59. The decline followed a Q3 earnings report that raised the lower end of its 2026 capital‑expenditure guidance by $5 billion, expanding the range to $135 billion to $145 billion, and announced plans for publicly listed, non‑voting Class C shares in January 2027. TD Cowen expects Meta to issue equity, debt, or both to fund its AI infrastructure expansion over the next several years. Credit‑default swaps rose to a record 114.79 basis points, though Shay Boloor of Futurum Equities said the spread widening could reflect banks hedging exposure rather than a credit downgrade. Analysts flagged uncertainty around the scale and financing of Meta’s AI investments.