Overview
- Meta said the multiyear outlay centers on new U.S. data centers to power its push toward what it calls personal superintelligence.
- The company guided to notably larger capital spending next year as it accelerates construction of AI infrastructure.
- Financing steps include a reported $27 billion Blue Owl Capital arrangement for the Louisiana complex and roughly $30 billion raised in a bond sale last week.
- Shares have slid since the Oct. 29 earnings call that previewed heavier AI capex, leaving Meta the weakest performer in the Magnificent Seven this year, per market trackers.
- Meta highlights economic and community effects, citing tens of thousands of U.S. jobs tied to its data centers and more than $20 billion flowing to subcontractors.