Meta Platforms Inc.raised 2026 capex to $125-145B and BMO noted least visible AI ROI

Shares of Meta Platforms fell 3.1% in afternoon trading amid a broader sell-off in AI-related technology stocks and rising investor anxiety over its massive spending on artificial intelligence initiatives. The decline was fueled by concerns about the company's projected capital expenditures for 2026, which were raised to a range of $125 billion to $145 billion. BMO Capital noted that Meta has the least visible return on investment story among peers for its AI projects, and worries were likely intensified after CEO Mark Zuckerberg noted internally that AI agent development had not accelerated as expected. Adding to the pressure were macroeconomic factors, including the Federal Reserve's restrictive stance, and renewed scrutiny from global antitrust authorities over data privacy and online age verification. The shares were trading at $643.18, down 3.2% from the previous close.
Meta Platforms Inc.raised 2026 capex to $125-145B and BMO noted least visible AI ROI
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