Meta stock falls 8% after earnings as Zuckerberg signals higher AI spending next year

Meta on Wednesday forecast “notably larger” capital expenses next year thanks to investments in artificial intelligence, including aggressively building data centers to power its AI push. The Facebook and Instagram parent reported third-quarter revenue growth of 26% that beat market estimates, but that jump was outpaced by a 32% increase in costs. Shares of the company – that have risen 28% so far this year – fell 8% after the bell, as Wall Street digested Zuckerberg’s even bigger capital plans to build out AI data center capacity that will pressure margins.