Meta stock drops 6% after announcing a boost in AI spending for 2026. Anthropic's valuation hitting $1.25T by December at 91.5% YES.

Meta raised its 2026 capex guidance to $125B-$145B, an 87% year-over-year jump. Shares dropped 10%, erasing $150B in market cap amid investor skepticism.

Meta stock drops 6% after announcing a boost in AI spending for 2026. Anthropic's valuation hitting $1.25T by December at 91.5% YES.

Meta Platforms is reportedly exploring a move into the cloud computing business, aiming to lease out its surplus AI computing power. This strategic shift could lessen Meta's…

Meta has poured hundreds of billions of dollars into data centers and AI chips.