News
🚨 🇺🇸 Meta lifts capex floor to $135bn; Tesla cash flow beats
🚨 🇺🇸 Meta lifts capex floor to $135bn; Tesla cash flow beats
- 🇺🇸 Meta Q3 revenue $64.6bn vs $63.3bn est; it narrowed FY capex guidance to $135bn to $145bn from $130bn to $145bn and raised FY expense guidance to $175bn to $179bn from $165bn to $169bn, per newswires ( / 20:01 GMT)
- 🇺🇸 Meta Q3 operating income $12.99bn vs $20.85bn est, after a $9.9bn legal charge; it is creating a new non-voting class of stock to fund AI investment
FO view: A higher capex floor at Meta and a strong Texas Instruments guide confirm the demand side of the AI build is still accelerating.
Not investment advice.