Meta shares fall on concerns over AI spending, legal scrutiny
Meta Platforms raised its annual capital spending forecast on Wednesday, signaling plans to pour billions more into artificial intelligence infrastructure even as it confronts potential losses from a global youth backlash against social media.
The Facebook and Instagram parent projected 2026 capital expenditure between $125 billion and $145 billion, compared with its prior forecast of $115 billion to $135 billion.
Shares of the company fell more than 6% in extended trading.
