Meta narrows capex forecast as it leans into the AI agent wars
Source: Business Insider ·
Meta predicted $135-145 billion in capex for 2026, aligning with analyst expectations. The company is spending big on data centers.
From the source
Meta, led by Mark Zuckerberg, has spent big on infrastructure for its AI development.Bloomberg/Getty ImagesMeta spent $34.91 billion in capital expenditures in its third quarter.The company is spending big on data centers and other infrastructure for its AI development.Meta predicted $135-145 billion in capex for 2026, aligning with analyst expectations.Meta is making it rain for AI.The company spent $34.91 billion in capital expenditures during the third quarter of 2026. That's up from the second quarter's sum, $31.08 billion.For the year 2026, Meta said it expects to spend between $135-145 billion in capital expenditures, narrowed from its prediction of $130-145 billion last quarter.Meta's forecast includes the yearly capex prediction that analysts expected: $139.79 billion.As Meta bets big on AI, it is investing heavily in its development. It has built massive, costly data centers and spent big on computing power.The spending uptick was expected. On the "Cheeky Pint" podcast…
BestAIBroker analysis
- Finance-aware sentiment: slightly positive (+0.10 on a -1 to +1 scale).
- Event classification: GUIDANCE.
- Market importance score: 47/100, weighting entity relevance, source credibility, multi-outlet coverage and recency.
- Symbols referenced: AI.