Meta Increases Capital Spending Forecast By $10 Billion
Meta platforms has increased its capital expenditure forecast for the year by approximately $10 billion. This shift comes after the company reported higher-than-expected spending levels. Shares of the company were trading lower in after-hours trading following the report.
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Developing
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Sources · 7 independent
Bloomberg Radio
“the meta-platforms boosted its capital spending forecast to something significantly higher for the year than analysts thought... the range has shifted up about 10 billion”
Bloomberg Radio
“shifted up about 10 billion, which was already a very high record.”
Bloomberg Radio
“shifted up about 10 billion, which was already a very high record. How is all of this AI spending going to pay off?”
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