TECH EARNINGS : META AND TESLA SHOW AI SPENDING CATCH - 22 FOR INVESTORS

What happened: Meta raised the low end of its 2026 spending forecast and Tesla cut its 2026 capex plan, and investors sold both stocks, showing no clear spending level satisfies the market. Key numbers: Meta raised the low end of its 2026 forecast to $135 billion from $130 billion, with future commitments at $825 billion; shares fell 7%. Tesla plans $20 billion this year, down from $25 billion; shares fell 3%. Why it matters: The reactions set a cautious tone for earnings next week from Alphabet, Amazon, and Microsoft, where capex figures may matter as much as earnings beats. Coverage: 7 outlets in 24h

Meta and Tesla earnings highlight AI spending catch-22 for investors.

Meta and Tesla earnings highlight AI spending catch-22 for investors. — impact context not separately stored; see What changed.