News
🚨 🇺🇸 Meta lifts its capex floor as costs jump; 🇺🇸 Tesla margins beat
🚨 🇺🇸 Meta lifts its capex floor as costs jump; 🇺🇸 Tesla margins beat
- 🇺🇸 Meta Q3 revenue $64.6bn vs $63.3bn expected; operating income $12.99bn vs $20.85bn expected after a $9.9bn legal charge, per newswires ()
- 🇺🇸 Meta Q4 revenue guide $73bn to $76bn vs $73.57bn expected; 2026 capex $135bn to $145bn (was $130bn to $145bn); total expenses $175bn to $179bn (was $165bn to $169bn)
FO view: Nasdaq futures giving back only part of the pre-results level, with US 10y yields still above 5.1%, fits a capex trade that holds but is no longer rewarded for spending more.
Not investment advice.