Nasdaq Falls 2.6% as Meta Raises Its 2026 AI Spending Outlook
Photo: TokenPost
U.S. stocks slid Thursday as Meta raised its 2026 AI spending outlook, with the Nasdaq Composite down 2.6% and Treasury yields falling as investors sought safer assets. The Nasdaq’s decline was its largest since June. The Philadelphia Semiconductor Index fell 6.7%, while Meta shares lost about 7%, wiping roughly $124 billion from its market value. Chip, storage, optical-networking and AI cloud companies also fell. Meta forecast 2026 capital spending of $135 billion to $145 billion, lifting the bottom of its prior range by $5 billion. Future spending commitments, including leases, computing deals and energy agreements, reached about $825 billion. U.S.
Source: TokenPost
