Meta to report Q2 earnings with $145 billion in planned spending
Meta will report its second quarter earnings after the bell on Wednesday, providing insight into its AI investments.
The company plans to spend upwards of $145 billion this year, with a significant portion going to its data center build-out.
Meta and BlackRock recently announced a $14 billion data center project in Texas, with BlackRock holding an 80% stake.
The company’s stock has struggled, dropping nearly 10% year to date and 16% over the last 12 months.