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META set a new historical high during trading, with CEO Mark Zuckerberg stating plans to invest between 60 billion to 65 billion dollars for capital expenditures this year, while also significantly expanding the AI team.
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Meta plans to spend at least 60 billion U.S. dollars on capital expenditures this year, which exceeds expectations and significantly expands the AI team.
Zuckerberg announced the spending estimate in a Facebook post. Meta will invest between 60 billion and 65 billion US dollars in AI-related capital expenditures this year. The figure given by Zuckerberg is much higher than what the Analyst predicted. Previously, Bloomberg estimated that investors anticipate Meta's capital expenditures in 2025 to reach 51.3 billion US dollars.
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