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via finance.yahoo.comBusiness & Companies

Meta raises AI capex outlook and announces a new class of stock

FROM THE WIRE · FINANCE.YAHOO.COM

Meta Platforms boosted its capital spending outlook and announced plans for a new class of nonvoting stock, escalating its already-stratospheric bet on artificial intelligence. Capital expenditures will be $135 billion to $145 billion in 2026, the social-media giant said during…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: neutralA higher AI spending outlook from a mega-cap affects investment expectations and the share structure.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Meta expects 2026 capital expenditures of $135 billion to $145 billion, raising the low end from $130 billion.
  2. 02The new nonvoting share class will be distributed to existing investors through a stock dividend.
  3. 03Meta said trading in the new shares is expected to begin in January.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Meta Platforms, Inc.METAStock697.52 USDMarket closedtoday +0.47%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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