Meta Plans $145B AI Infrastructure Spend, Shares Slide 4% on Technical Break
META•Internal memo warned Meta will spend up to $145B on AI infrastructure this year to double computing capacity by 2027 and begin Iris chip production in September. Shares slid over 4% after slipping below key moving averages, extending a 12.6% YTD loss and 21% drop over the past 12 months.
1. AI Infrastructure Spending Plan
Internal memo reveals Meta plans to allocate up to $145 billion for AI infrastructure in the current fiscal year. The outlay targets a doubling of its computing capacity by 2027 and sets Iris AI chip production to commence in September.
2. Technical Breakdown Weighs on Shares
Meta’s stock fell 4.1% in a single session after breaching key moving averages, dropping back under the $600 threshold. The share price has declined 12.6% year-to-date and approximately 21% over the last 12 months, tracing a channel of lower highs.
3. Options Market Signals Bullish Interest
Despite the downturn, options traders are heavily skewed toward calls, with a 10-day call/put volume ratio of 2.21 ranking above 86% of readings over the past year. The open interest put/call ratio sits at 0.51, placing it in the bottom 6% of its annual range and indicating short-term bullish bets.
