News · 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.

By BriefTea Editorial · 30 April 2026 at 4:07

Reported by BBC · How we write briefs

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