Meta Platforms raised this year's capital expenditure estimates to the $135 billion to $145 billion range, and raised the lower end of this range by $5 billion. The company declined to provide a specific outlook for 2027, but said it expects to “continue to invest heavily to support core business and emerging AI initiatives.” Meta also said its computing power is sufficient to allow the company to maintain flexibility between core business growth, new product development, and basic AI model training. The company also anticipates “strong overall revenue growth for the full year 2027”, driven by new AI products and AI's impact on its core business.
Zhitongcaijing · 2d ago
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Meta Platforms raised this year's capital expenditure estimates to the $135 billion to $145 billion range, and raised the lower end of this range by $5 billion. The company declined to provide a specific outlook for 2027, but said it expects to “continue to invest heavily to support core business and emerging AI initiatives.” Meta also said its computing power is sufficient to allow the company to maintain flexibility between core business growth, new product development, and basic AI model training. The company also anticipates “strong overall revenue growth for the full year 2027”, driven by new AI products and AI's impact on its core business.
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