Meta is expected to spend $60 – $65 billion in This year versus previous guidance up 38 – $40 billion.
The stock is moving lower in premarket trading on the news. The current prices down $9.43 or -1.48% at $627.25.
Plans to grow Meta's AI team significantlyCompany is building a 2GW+ data center "that is large and would cover a significant part of Manhattan"They will continue to invest in the future
Hmmm
Nvidia shares are trading higher by $0.76 or 0.52%
Shares of Meta closed at a record level yesterday of $636.45. Shares are rebounding slightly and only down -0.55% currently.
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