Meta Platforms Inc. (NASDAQ:META) stock traded higher on Monday following several operational updates and strategic announcements released by the company. The Nasdaq is up 0.15% while the S&P 500 has gained 0.17%.
Zuckerberg Outlines $145B AI Infrastructure Strategy
Meta CEO Mark Zuckerberg published a 6,500-word essay on Monday outlining the company’s strategy to make advanced artificial intelligence broadly accessible.
The company expects capital expenditures to reach between $130 billion and $145 billion in 2026 to fund data centers and infrastructure. The company previously reported spending $31.1 billion on capital expenditures in the second quarter.
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