Mark Zuckerberg Is Betting Up to $145 Billion on AI Infrastructure in 2026
The social media stock fell 10% immediately after it reported Q2 financial results on July 29.
Overview
As of this writing, which is after the market closed on July 29, shares of Meta Platforms (NASDAQ: META) have fallen 10%. Earnings in Q2 (ended June 30) came in below estimates, while third-quarter revenue guidance was weaker than expected.
This extends the social media stock's losing streak. It's trading 26% below its all-time high from August 2025.
Details
The market's attention in recent quarters has been directed to spending trends. Meta raised the lower end of its guidance for 2026 capital expenditures (capex) to $130 billion from $125 billion. But the upper end, $145 billion, was kept unchanged.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.