""Every sign that we're seeing in our own work and across the industry gives us confidence in this investment. That said, we are very focused on increasing the efficiency of our investments...""
""...we are rolling out more than one gigawatt of our own custom silicon that we're developing with Broadcom as well as significant amount of AMD chips to complement the new Nvidia systems we're rolling out as well.""
Meta Platforms has raised its full-year 2026 capital expenditure guidance to between $125 billion and $145 billion, up from $115 billion to $135 billion. This increase is attributed to higher component prices and additional data center costs. Last year, Meta spent $72.2 billion on capital expenditures, nearly doubling its 2025 spending. Following the announcement, Meta's stock fell over 6%, contrasting with Alphabet and Amazon, whose shares rose due to reported AI-related growth. Zuckerberg emphasized the importance of efficiency in investments and the development of custom silicon.
Read at Fortune
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