General · 30 April 2026
Meta Shares Fall 6% on Raised AI Spending Forecast
Investors are concerned about soaring AI spending by US tech giants. Meta's shares fell around 6% after the company raised its 2026 capital expenditure forecast to $125 billion to $145 billion, billions more than previously projected. Alphabet's stock rose about 3% in after-hours trading following strong Google Cloud results, contrasting sharply with Meta's investor reaction to its elevated AI spending plans.
Reported by BBC · How we write briefs