"We aren't providing a specific outlook for 2027 capex. And we are, frankly, undergoing a very dynamic planning process ourselves as we're working through what our capacity needs will be over the coming years."
"Our experience so far has been that we have continued to underestimate our compute needs even as we have been ramping capacity significantly as the advances in AI have continued."
"So we're going to continue building out our infrastructure with flexibility in mind. And if we end up not needing as much as we anticipate, we can choose to bring it online more slowly or reduce our spending in future years."
"If Alphabet can guide 2027 capex, why can't Meta, with its vast resources and legion of AI agents?"
Meta's earnings call revealed uncertainty regarding future capital expenditures, with CFO Susan Li stating they are underestimating compute needs. Despite strong first-quarter growth, including a 33% revenue increase and a 60% rise in net income, the absence of specific guidance for 2027 raises concerns. Analysts express frustration over the company's spending on AI, fearing it complicates future financial projections. In contrast, Alphabet provided clear guidance, resulting in a positive stock response, while Meta's stock suffered due to its vague outlook.
Read at Yahoo Finance
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