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Meta shares open 8% higher as company plans capex cuts
Meta stock surged 8% as the company plans to cut capital expenditure on its metaverse division Reality Labs and redirect spending toward AI infrastructure.
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cryptobriefing.com
Meta raises 2026 capex to $145B as AI spending doubles year-over-year
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.
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Meta stock drops 6% after announcing 2026 AI spending boost
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.
