Meta raised full-year 2026 capex guidance to $125–$145 billion while NVIDIA reported $81.61 billion revenue, up 85.2% year over year, driven by Data Center growth.

Meta's Q1 revenue hit $56.31 billion, up 33.08% year over year, with family daily active people reaching 3.56 billion. Full-year 2026 capex guidance jumped to $125–$145 billion from the prior $115–$135 billion range, though Reality Labs posted $4.03 billion in operating losses.

NVIDIA's revenue of $81.61 billion grew 85.2% year over year, with Data Center revenue at $75.25 billion and networking up 199%. Non-GAAP gross margin hit 75%, with hyperscalers driving roughly 50% of Data Center revenue. Management authorized $80 billion in additional buybacks and raised the dividend to $0.25.

Meta is positioned as a buyer of compute funding an increasingly expensive AI buildout through ad revenue, while NVIDIA is the seller of compute. Meta trades at a forward P/E of 20 with analyst targets averaging $826.75; NVIDIA trades at a forward P/E of 26 with analyst targets averaging $296.81 against a current price of $222.82.