Meta (META) being coy about future AI spending isn't what the market wants to hear as overspending fears rattle tech stocks.
Yet that's what the market got — and Meta received another earnings day stock plunge in return. The move is likely to keep dark clouds over the stock through the summer.
"We aren't providing a specific outlook for 2027 capex at this time," Meta CFO Susan Li told ******* ysts on a late-Wednesday earnings call.
Meta did raise the bottom end of its 2026 capital expenditure target, tightening the full-year spending range to $135 billion to $145 billion (up from $125 billion to $145 billion).
But specifics about 2027 capital expenditures were nonexistent.
#meta #billion #market #future
Yet that's what the market got — and Meta received another earnings day stock plunge in return. The move is likely to keep dark clouds over the stock through the summer.
"We aren't providing a specific outlook for 2027 capex at this time," Meta CFO Susan Li told ******* ysts on a late-Wednesday earnings call.
Meta did raise the bottom end of its 2026 capital expenditure target, tightening the full-year spending range to $135 billion to $145 billion (up from $125 billion to $145 billion).
But specifics about 2027 capital expenditures were nonexistent.
#meta #billion #market #future
2 months ago
