Meta Shares Fall 7% as AI Capex Forecast Rises

Meta shares fell more than 7% Thursday, October 22, 2026, after raising its 2026 AI spending forecast in third-quarter results released October 21. Capital expenditures (capex, money spent on long-lived assets like data centers), including finance lease payments, are now guided to $135-145 billion. The Nasdaq slid more than 2% as the report fanned worries about the AI trade (bets on AI-linked stocks), per Reuters.