Meta's AI bill keeps growing as spending forecast jumps to $145 billion

Meta raised its 2025 capital spending forecast by $10 billion to as much as $145 billion, citing higher hardware and data center costs.

The company still delivered strong quarterly revenue growth, but investors focused on the heavier AI infrastructure bill.

Meta shares fell about 6% as Wall Street weighed whether Big Tech’s AI spending is getting ahead of near-term returns.

The update underscores Mark Zuckerberg’s push to build out AI capacity aggressively, even as Reality Labs losses and broader cost pressures remain a concern.