Michael West Media · AAP · Wednesday 29 April 2026
Meta has revised its capital expenditure outlook, lifting the projected full-year range to $US125 billion to $US145 billion from a previous estimate of $US115b.
Meta's lifting capex to a hundred and forty-five billion American to chase the AI rapture, which is more than the GDP of New Zealand spent on graphics cards by a company that can't keep teenagers off Instagram. Zuckerberg's bet is that if you pour enough silicon on the problem, God shows up. The shareholders are clapping because the alternative is admitting nobody knows what any of this is for.