Meta Keeps Capex Ceiling at $140 Billion, Raises Floor
Meta left the high end of its capital-expenditure guide unchanged at $140 billion and raised the low end by $5 billion, Quilter Cheviot's Ben Barringer writes. The plans failed to soothe investors concerned the AI boom is slowing.
Meta Platforms’ capital-spending plans did little to ease investor concerns that the AI boom is slowing, writes Ben Barringer of Quilter Cheviot. The social-media company kept its full-year capex ceiling at 140 billion and lifted the floor by 5 billion.