00:00It's Benzinga bringing Wall Street to Main Street.
00:02Meta shares turned higher Friday after early selling pressure as investors reacted to a
00:08leaked internal memo outlining the company's multi-year AI infrastructure spending plans.
00:13Reuters reported the documents show Meta has secured hardware purchases including NAND flash
00:18memory from SanDisk, DRAM from Samsung Electronics, and fiber optics from Sumitomo Electric Industries.
00:24The spending follows Meta's recent groundbreaking on a 1-gigawatt AI data center in Alberta
00:30and Thursday's launch of its MuseSpark 1.1 AI model.
00:34BNP Paribas analyst Nick Jones said investors remain focused on Meta's capital spending plans.
00:40He expects the company to raise its 2026 capital expenditure outlook by at least $10 billion
00:45above its current $125 billion to $145 billion range.
00:49Shares were up 3.49% at $653.50 during pre-market trading on Friday, according to Benzinga ProData.
00:57For all things money, visit Benzinga.com.
