New Delhi, April 30 -- Meta Platforms' shares crashed 10.3% in Thursday's trade, 30 April, to hit a two-week low of $600 apiece, marking the company's biggest intraday decline in six months, as investors worried that the company's rapid spending on artificial intelligence may not generate returns quickly enough, overshadowing an otherwise better-than-expected March quarter performance.

Meta reported first-quarter sales of $56.3 billion, ahead of Wall Street estimates of $55.51 billion, and guided current-quarter revenue in the range of $58 billion to $61 billion, broadly in line with expectations. Net income for the quarter was $26.8 billion, according to the company's press release.

The social media giant raised its 2026 capital expend...