By 2028, Meta Platforms Inc. (META) plans to invest $600 billion to increase its domestic workforce, improve technical skills, and build more AI data centres.
The tech giant announced in September that it would invest $600 billion by 2028 to improve local economies and the U.S. artificial intelligence (AI) infrastructure.
The corporation has supported over 30,000 skilled trade jobs since 2010 through its data centre development projects.
In Increasing AI infrastructure which is in accordance to Meta, these investments hopes to assist to realise its goal of giving people personal superintelligence by establishing “industry-leading AI data centres” throughout the United States.
Over 30,000 skilled trade jobs and 5,000 operational roles have been supported countrywide by the company’s data centre building initiatives since 2010.
On Friday afternoon, Meta Platforms’ stock fell more than 1%. Despite “extremely high” message volume levels, retail sentiment on the company on Stocktwits remained in “extremely bullish” territory.
Impact on Q3 Earnings at an one-time tax provision affected the company’s third-quarter earnings per share (EPS), but sales was higher than the Street expected.
Concerns over rising capital expenditures have put pressure on the stock since its Q3 reporting on October 29. The company’s initial estimate of $114 billion has been revised to $116 billion to $118 billion for capital expenditures (capex) in 2025.
During the results call, CFO Susan Li also predicted that overall spending would climb much more quickly in 2026 and that the dollar growth of capital expenditures would be noticeably higher.
Blue Owl Capital and Meta recently reached a $27 billion investment deal to help build the company’s biggest data centre project in history.
The efforts of large tech companies to increase the infrastructure required to support their expanding artificial intelligence projects are reflected in Meta’s spending binge.
The stock of Meta Platforms has increased by more than 2% in the past 12 months.
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