Meta to Invest $600 Billion to Build AI Data Centers in US

Core Viewpoint - Meta plans to invest $600 billion in the United States by 2028 to develop artificial intelligence (AI) data centers, emphasizing the growing importance of AI and the infrastructure needed to support it [1][2]. Investment Plans - The company aims to significantly increase its infrastructure spending, with expectations for capital-expenditure growth to be "notably larger in 2026 than 2025" [2]. - Total expenses are projected to grow at a "significantly faster" rate next year, driven primarily by compute needs and compensation for AI talent [3][2]. Market Reactions - Despite exceeding earnings expectations, investor concerns have arisen regarding the company's capital expenditures, with some expressing frustration over perceived overspending on AI initiatives [5]. - There is a noted pattern of increasing demand for compute resources, suggesting that larger investments in infrastructure could be profitable over time [4]. Broader Industry Impact - Investments in AI-related projects are anticipated to stimulate the debt issuance market, with U.S. investment-grade bond issuance projected to reach $1.7 trillion this year and $1.85 trillion in 2026 [6].