Meta Platforms edges lower after AI infrastructure push, shares lag Micron in market value

By Julia Schmitt, Sector & Peer Group desk. Reviewed prior to publication on 2026-06-26, 10:18.

Meta Platforms (US30303M1027) closed Nasdaq trading at 542.87 US dollars on Thursday, down around 2.7 percent for the day according to Financial Times data.FT markets summary for Meta The social media and VR group sits in the S&P 500 and NASDAQ-100, where Micron Technologies has now overtaken Meta in market value amid strong AI-driven demand.

What Reuters reports on AI and chips

Reuters highlights that Micron has surpassed Meta and Tesla in market capitalization as investors price in robust AI infrastructure demand for memory chips, underlining a shift in the megacap technology hierarchy.MarketScreener roundup citing Reuters In parallel, Meta has secured AI computing power agreements and is reportedly planning up to 600 billion US dollars in U.S. infrastructure investments over time, according to data compiled by INDmoney.INDmoney timeline on Meta

The same INDmoney feed notes a fresh deal with Qualcomm, under which Meta will use data center chips to strengthen its AI infrastructure footprint and support content delivery and recommendation systems.INDmoney item on the Qualcomm deal Those agreements add to earlier capital expenditure plans that Wall Street had seen as heavy, though Q1 2026 capex ultimately came in significantly below some analyst estimates, dampening sentiment around execution pace.

How analysts currently rate the stock

Analyst consensus still leans positive despite recent price weakness. MarketBeat tracks 48 research houses covering Meta with a "Moderate Buy" consensus rating and an average price target around 840.60 US dollars, implying roughly 55 percent upside from Thursday’s close.MarketBeat analyst consensus for Meta INDmoney cites 69 analysts with a target price of 827.32 US dollars, about 34 percent above the latest level, pointing to a still constructive long-term view.INDmoney analyst target snapshot

Meta’s shares have retreated around 3.4 percent over the past week according to INDmoney, and the stock trades roughly 31.8 percent below its 52-week high while sitting a little more than 4 percent above the 52-week low.INDmoney performance metrics The move places Meta behind Micron in market value, illustrating how investor attention has rotated towards semiconductor plays directly exposed to AI hardware demand.

The business behind the stock

Meta Platforms generates most of its revenue from digital advertising on Facebook, Instagram and WhatsApp, complemented by virtual reality hardware and software sold under the Meta Quest brand.Meta corporate overview The company is also investing heavily in AI-driven recommendation engines and content moderation, as well as metaverse platforms such as Horizon Worlds, to deepen engagement and open up new commercial formats.

Where the stock trades today

The Meta Platforms shares (US30303M1027) last closed on the Nasdaq at 542.87 US dollars on 2026-06-25 at 16:00 Eastern Time, with Financial Times data showing the price about 4.35 percent above the 52-week low and well below the 796.25 US dollar 52-week high.FT price and 52-week range for Meta

Disclaimer: This article is for informational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any securities. All data cited are based on sources believed to be reliable at the time of publication, but their accuracy cannot be guaranteed. Investors should conduct their own research or consult a licensed financial advisor before making investment decisions.