TradingKey – Meta Platforms (NASDAQ: META) is trading at $583.68, having dipped beneath the rising trendline on the 4-hour chart. Meta posted Q1 2026 earnings on April 29 with total revenues of $56.31 billion, a 33% surge from the same period a year ago. Advertising revenues came in at $55.02 billion, with both ad impressions up 19% and the price per ad increasing 12% at the same time, offering what has been the clearest indication of positive developments in Meta’s ad business over the past quarter or two. 

AI tools enhanced the ad conversion rate by over 6%. Shares continued to slip after hours, with Meta also lifting its full-year 2026 capital expenditure projection to $125 billion to $145 billion. The market is wondering if and when…