Overview
- Meta shares remain in the low $600s after a post‑earnings slide tied to a $15.9 billion tax charge and a capex outlook raised to at least $70 billion for 2025, with larger 2026 outlays signaled.
- The company plans to invest more than $1 billion in a 700,000‑square‑foot AI data center in Beaver Dam, Wisconsin, expected to open in 2027, and to fund about $200 million in energy upgrades with Alliant Energy, according to reports.
- Meta is preparing to sell at least $25 billion of investment‑grade bonds to help finance AI infrastructure, according to people familiar with the matter cited by Forbes.
- Core performance remains resilient as adjusted EPS beat expectations and revenue rose 26% on higher ad prices and impressions, while several analysts highlight a forward P/E near the mid‑20s.
- Investor Michael Burry publicly alleged Meta and other hyperscalers are understating depreciation by extending asset lives, warning this could overstate earnings into 2028, with further details he says will come later in November.