Meta stock jumps 10% as $135 billion AI spend plan meets a Wall Street shrug
Meta shares surged 10.4% to $738.31 after the company reported a 24% jump in Q4 revenue to $59.89 billion and outlined plans to spend up to $135 billion on AI infrastructure in 2026. Management warned of ongoing capacity constraints and flagged legal risks tied to ad products in the EU and U.S.