Meta Debt-Insurance Cost Hits Record High as AI Spending Plan Raises Concerns
The cost of insuring Meta Platforms' debt against default touched an all-time high Thursday as investors weighed its AI spending plan. Meta raised the lower end of its annual capital expenditure forecast to a range of $135 billion to $145 billion.
The cost of protecting Meta Platforms’ debt against default reached a record high on Thursday, as investors weighed concerns over the company’s AI spending plans. Meta lifted the lower end of its annual capital expenditure forecast, setting the range at between $135 billion and $145 billion this…