META NARROWS CAPEX FORECAST AS IT LEANS INTO THE AI AGENT WARS

What happened: Meta spent $34.91 billion in capital expenditures in the third quarter of 2026 and narrowed its full-year 2026 capex forecast to $135-145 billion from $130-145 billion last quarter. Key numbers: Q3 2026 capex $34.91 billion, up from $31.08 billion in Q2. Full-year 2026 forecast $135-145 billion, narrowed from $130-145 billion. Analyst expectation $139.79 billion. Why it matters: Investors have reacted negatively to past capex increases, and the Muse AI assistant, which Zuckerberg said will take a small fee from transactions, could help justify the guidance for some investors. Coverage: 3 outlets in 24h

Meta narrowed capex forecast while leaning into AI agent wars.

Meta narrowed capex forecast while leaning into AI agent wars. — impact context not separately stored; see What changed.