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Meta just bumped its 2026 capex forecast up to as much as $145 billion for the AI boom—and investors flinched
CEO Mark Zuckerberg is planning to spend more on infrastructure in 2026 than Meta did in all of 2024 and 2025. Meta's stock fell 6% in after-hours trading.
Summary
Meta Platforms is splashing some serious cash on AI infrastructure, and investors have flinched. The company reported first quarter 2026 earnings results on Wednesday and raised its full-year 2026 capital expenditure guidance to $125 billion to $145 billion, up from a previous range of $115 billion to $135 billion. Meta told investors the boost was the result of higher prices for components and “additional data center costs to support future-year capacity.”
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