Meta (META) Plans Increased AI Spending Up to $145 Billion

Published on 4/29/2026

Meta (META) Plans Increased AI Spending Up to $145 Billion

AI Summary

Summarized by AI from the source below

Meta's (META) capital expenditure is set to increase to a maximum of $145 billion from the previous projection of $135 billion, as announced in their latest quarterly results. In after-hours trading, Meta's shares fell over 5%, while Microsoft (MSFT) and Amazon (AMZN) saw declines of 2% and 1.6% respectively, although there were signs of recovery later. Alphabet (GOOGL) reported a nearly 6% increase in its stock price due to positive assessments regarding its AI investments for 2023, which are projected at $185 billion. Investor anxiety persists regarding the sustainability and returns from the rising costs associated with AI development.

Get the free market brief

Top stories and analysis, summarized. No spam, unsubscribe anytime.