Meta Platforms’ stock fell more than 10% despite strong third-quarter results, as investors worried about the company’s aggressive AI spending plans.

The company raised its 2025 capital expenditure guidance to $70–72 billion to build advanced AI tools and prepare for future superintelligence opportunities.

CEO Mark Zuckerberg emphasized confidence in returns from core business and stressed the importance of heavy AI investment, including $14.3 billion in AI startup Scale AI and the creation of Superintelligence Labs, CNBC has reported.

Meta reported $7.25 per share in adjusted earnings on $51.24 billion revenue, up 26% year-over-year, though it recorded a $15.93 billion tax charge linked to federal tax legislation.