Meta Platforms Inc. raised its full-year capital expenditure forecast to $125 billion–$145 billion, up from $115 billion–$135 billion and above analyst expectations. The company said the increase reflects continued investment in artificial intelligence infrastructure, including large-scale data centers and chip deals with Nvidia Corp., Advanced Micro Devices Inc., and Broadcom Inc. First-quarter net income was $26.8 billion, including an $8 billion one-time tax benefit related to US tax policy c

Meta Platforms Inc. raised its full-year capital expenditure forecast to $125 billion–$145 billion, up from $115 billion–$135 billion and above analyst expectations. The company said the increase reflects continued investment in artificial intelligence infrastructure, including large-scale data centers and chip deals with Nvidia Corp., Advanced Micro Devices Inc., and Broadcom Inc. First-quarter net income was $26.8 billion, including an $8 billion one-time tax benefit related to US tax policy changes. Shares fell 4.4% in after-hours trading despite the stronger spending outlook.