Citi analyst Atif Malik sees upside to the firm’s 40% year-over-year “big four” cloud spend growth after Meta Platforms (META) said it plans to invest $60B-$65B in capital expenditures this year versus Citi’s preview of $58B.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- Meta’s CapEx announcement ‘reminder’ of leading position in AI, says RBC Capital
- Meta to spend up to $65B in capex this year on AI, Zuckerberg says
- Trump Trade: President blasts EU regulators for targeting U.S. tech companies
- Mark Zuckerberg’s Net Worth – The Billionaire’s Journey from Facebook to Meta
- Meta’s Instagram, Facebook blocked abortion pill providers’ posts, NYT reports