Meta Raises Capital Spending Forecast Amid AI Investments and Legal Scrutiny
Meta Platforms increased its 2026 capital spending forecast to $125 billion to $145 billion, signaling significant investment in AI infrastructure. However, shares fell over 6% in extended trading due to concerns over legal challenges and potential losses from youth-related social media backlash. The company warned that regulatory scrutiny in the EU and U.S. could significantly impact its financial results.
Tickers: $META
Topics: AI spending Capital expenditure Legal scrutiny Meta Platforms Stock price decline