Meta Platforms(US:META) Benzinga·2026-01-29 08:01Core Insights - Meta Platforms Inc. is significantly increasing its capital expenditures, projecting between $115 billion and $135 billion for fiscal 2026, primarily to support its "Meta Superintelligence Labs" initiatives [2] - CEO Mark Zuckerberg emphasizes the importance of investing in infrastructure to develop "personal superintelligence," indicating a strong commitment to AI advancements [2][3] - The projected capital expenditures for the tech industry as a whole could reach $528 billion by 2026, with potential growth to $1.2 trillion by 2030 if current trends continue [4] Financial Performance - Meta reported fourth-quarter revenue of $59.89 billion, a 24% increase year-over-year, surpassing consensus estimates of $58.30 billion [5] - The company achieved a profit of $8.88 per share, exceeding analyst expectations of $8.16 [5] - Despite a slight decline of 0.63% in stock price on the day of the earnings report, shares rose by 7.43% overnight following the announcement [5] Market Position - Meta currently leads the AI capital expenditure space, but other major tech companies are also increasing their investments, indicating a competitive landscape [3] - Analysts suggest that while Meta's shares may not score highly on momentum and value, they exhibit a favorable price trend in both the short and long term [6]