WSJ Tech News Briefing · Friday, July 31, 2026
Meta announced anticipated capital expenditures of $137.5 billion for AI infrastructure this year, a move that has caused its stock to stumble. Analysts predict this spending could lead Meta into negative free cash flow territory for the first time since its 2012 IPO.
“Meta's stock stumbled this week after the company said it anticipated $137 billion dollars in capital spending this year on AI infrastructure.”
“A total that analysts expect to put it into negative free cash flow territory in the latter half of the year for the first time since its IPO in 2012.”