Meta shares climb after company lifts AI infrastructure spending plan

Meta Platforms shares rose 2.4% on Friday after the company said it plans to spend $65 billion on artificial intelligence infrastructure this year, up from a previous target of $40 billion. The move signals a sharper push to expand the company’s computing capacity and support its AI products.

Investors responded positively at first, but the bigger spending plan also raised familiar questions about profitability and how quickly Meta can turn those investments into revenue. Heavy capital outlays have become a central concern across the tech sector as companies race to secure the hardware and data-center capacity needed for AI development.

The latest gain suggests markets are still willing to reward Meta for scaling up its AI ambitions, even as analysts continue to scrutinize the cost of that strategy. For now, the stock’s move reflects confidence that the company can absorb the higher spending while keeping growth on track.