Meta Raises 2026 Capital Expenditure Forecast to $145 Billion Amid AI Investments
Meta Platforms has increased its 2026 capital expenditure forecast to between $125 billion and $145 billion, driven by higher component prices and data center costs for AI infrastructure. The announcement caused Meta's stock to drop over 6% in after-hours trading, while competitors like Alphabet and Amazon saw their shares rise due to positive AI-related cloud growth reports.
Topics: AI infrastructure Capital Expenditure Earnings Report Investor Reaction Meta