Meta’s $135B AI capex plan meets a 24% ad surge — what investors are weighing
Meta forecast 2026 capital spending of $115–$135 billion, up sharply from 2025. Fourth-quarter advertising revenue rose 24% to $58.1 billion. Shares were little changed in early premarket trading Wednesday, last at $639.29, as investors weighed higher AI spending. CEO Mark Zuckerberg said Meta doubled GPUs for ad ranking and expects AI to reshape work in 2026.