00:00It's Benzinga bringing Wall Street to Main Street.
00:02Meta platforms led a broad technology sell-off Thursday after raising its artificial intelligence
00:08spending forecast, renewing concerns about funding the AI build-out, according to Benzinga.
00:13Meta increased the low end of its 2026 capital expenditure forecast to $135 billion from
00:19130 billion users. Shares fell 6.1%, erasing about $108 billion in market value. Analysts
00:27were divided on Meta, with Bank of America raising its price target to $845, while Scotiabank
00:32maintained its $650 target. NVIDIA CEO Jensen Huang said limited capital is holding back
00:38NeoCloud providers, adding to concerns about AI funding. Semiconductor stocks also declined,
00:44with LAM Research dropping 9.7%, Advanced Micro Devices losing 6.7%, and NVIDIA falling 3.6%.
00:52For all things money, visit Benzinga.com.
