Meta's Zuckerberg says:
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.
Zuckerberg adds:
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 futureHmmm
The market does not like increased costs, but likes improved efficiency and growth too. The initial reaction however is to the downside on this increasd spending.
Nvidia shares are trading higher by $0.76 or 0.52%
Meta announces earnings on January 29. Thisis the prequel to that release so there are no surprises..
Shares of Meta closed at a record level yesterday of $636.45. Shares are rebounding slightly and only down -0.55% currently.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about meta s zuckerberg says will invest 60 65b in capex this year was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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