Meta Platforms has announced an increase in its forecast for 2024 expenses and capital expenditures to accelerate its artificial intelligence (AI) development initiatives. The company now expects its full-year capital expenditures to be between $35 billion and $40 billion, up from the previously projected range of $30 billion to $37 billion. This adjustment reflects Meta's intensified efforts in AI research and product development. Additionally, Meta's total expected expenses for the year have been revised to range between $96 billion and $99 billion, an increase from the earlier estimate of $94 billion to $99 billion. The CFO commented on the adjustments, highlighting the company's commitment to expanding its AI infrastructure.
Good sign for Nvidia's 2025: Meta - "We anticipate our full-year 2024 capital expenditures will be in the range of $35-40 billion, increased from our prior range .. we continue to accelerate our infrastructure investments to support our artificial intelligence (AI) roadmap."
$META year of efficiency is over •Full-year 2024 total expected to be $96 billion to $99 billion, from $94b-$99b •Full-year capital expenditures expected to be $35-$40 billion, from prior range of $30-$37 billion
$META CFO: "We anticipate our full-year 2024 capital expenditures will be in the range of $35-40 billion, increased from our prior range of $30-37 billion as we continue to accelerate our infrastructure investments to support our artificial intelligence (AI) roadmap" https://t.co/riLltPXy4Q
DUDE THE MARKET ABSOLUTELY GOT ZUCKED $META I DON'T THINK ANYONE, INCLUDING MYSELF, THOUGHT META WOULD INCREASE COSTS BY THIS MUCH. THEY ARE ANTICIPATING $5B OF INCREASES IN COSTS. "We anticipate our full-year 2024 capital expenditures will be in the range of $35-40 billion,… https://t.co/8OUCg8PKrQ
$META capex will grow more in 2025 $NVDA $AMD - "While we are not providing guidance for years beyond 2024, we expect capital expenditures will continue to increase next year as we invest aggressively to support our ambitious AI research and product development efforts"
"FY 2024 capex will be in the range of $35-40 billion, increased from our prior range of $30-37 billion ... we expect capital expenditures will continue to increase next year as we invest aggressively to support our ambitious AI research and product development efforts." $META
⚠️ META RAISES 2024 EXPENSES FORECAST TO SUPPORT AI DEVELOPMENT Full Story → https://t.co/VkulzBWoFU Meta Platforms said on Wednesday it expects overall expenses this year to be higher than it previously forecast as the Facebook parent spends heavily to roll out new AI…
$META CFO Commentary "We anticipate our full-year 2024 capital expenditures will be in the range of $35-40 billion, increased from our prior range of $30-37 billion as we continue to accelerate our infrastructure investments to support our artificial intelligence (AI) roadmap." https://t.co/1yEJlp2Wsu