Meta Platforms (META) is pouring billions of dollars into the computing power that runs artificial intelligence (AI). Now the social media giant is looking abroad to keep the buildout going.
Meta is in the middle of one of the largest infrastructure pushes in corporate history. On the company's first-quarter 2026 earnings call, Chief Financial Officer Susan Li said the company now expects to spend between $125 billion and $145 billion on capital expenditures this year. That's up from an earlier range of $115 billion to $135 billion. Li pointed to higher component prices, especially memory, as one reason for the jump in capex.
