Meta Platforms Invests Heavily in AI
Meta Platforms (NASDAQ: META) announced plans to allocate $115 billion to $135 billion for capital expenditures in 2026, emphasizing investments in AI through its Meta Superintelligence Labs. This represents a significant 73% increase from the previous year’s capex of $72.2 billion, which itself surged 84% from 2024.
In Q1 2026, Meta reported revenues of $59.9 billion, a 24% increase from the previous year, contributing to a total annual revenue exceeding $200 billion, up 22%. The announcement has sparked optimism among AI investors, with stocks appreciating by 8% in after-hours trading. CoreWeave (NASDAQ: CRWV), a cloud computing company partnered with Meta, stands to benefit significantly from this capital influx, as part of a $14 billion agreement made last September.
