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Meta stock climbs nearly 3% on report of planned layoffs to offset AI spending

Meta is planning capital expenditure of up to $135 billion in AI-related costs in 2026, which raised investors' fears around unsustainable spending.

1 report1 sourceMar 16, 2026, 2:05 PM
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CNBCMar 16, 2026, 2:05 PM

Meta stock climbs nearly 3% on report of planned layoffs to offset AI spending

Meta is planning capital expenditure of up to $135 billion in AI-related costs in 2026, which raised investors' fears around unsustainable spending.

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