Meta Stock Falls 7% After Raising Its AI Spending Forecast

Meta's stock fell more than 7% Thursday, October 22, 2026, after the company raised its AI spending forecast in results released October 21. Its planned spending on buildings, computers and chips, including certain lease payments, is now $135 to $145 billion. The tech-heavy Nasdaq index dropped more than 2%, as investors worried about bets on AI, Reuters reported.