Meta's CEO Addresses Concerns Over Magnificent Seven's $700 Billion AI Capex Plan in 2026
The 'Magnificent Seven' tech companies plan to spend over $700 billion on artificial intelligence capital expenditures in 2026, up from around $400 billion in 2025. Investors are concerned about potential AI infrastructure overbuild and returns not meeting expectations. Meta CEO Mark Zuckerberg recently hinted at addressing these concerns by launching a cloud business to monetize excess compute capacity.
Topics: artificial intelligence capital expenditures hyperscalers Meta cloud strategy