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Meta spending slams Facebook stock, but here are the chip stocks that are benefiting

Por: MarketWatch Politics October 27, 2022

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Late Wednesday, and added that it expects 2022 capital expenditure of $32 billion to $33 billion, compared with a previous range of $30 billion to $34 billion. In 2023, the company said, it expects capital expenditure in the range of $34 billion to $39 billion, “driven by our investments in data centers, servers, and network infrastructure.” Meta noted that an “increase in AI capacity is driving substantially all of our capital expenditure... + full article



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