Meta Shares Fall More Than 7% After Raising 2026 AI Spending Forecast

Meta shares fell more than 7% on Thursday, October 22, 2026, after the company raised its 2026 AI spending forecast in third-quarter results released October 21. The forecast for capital expenditures, including finance lease payments, is now $135-145 billion. The Nasdaq slid more than 2% as the report fanned worries about the AI trade, according to Reuters.