“We currently expect another year of similarly significant capital expenditures dollar growth in 2026,” Meta CFO Susan Li said in the earnings release. Analysts said the 2026 outlook suggests Meta will spend roughly $100 billion in capex next year, significantly ahead of earlier expectations among analysts.

July 31 - NVIDIA (NVDA, Financial) hits a new all-time high after climbing about 2% on Thursday morning. Investors see its GPUs as the go-to for AI model training. Microsoft (MSFT, Financial) reinforced that view by reporting fourth-quarter capital expenditures of $24 billion,