capexScore 65/100Add to thesis
Zuckerberg confirms ~$600B Meta AI capex through 2028, says risk is underbuilding
“I mean, didn't you just tell Trump you were going to spend like 600 billion? ... I did. Yeah. Through 2028.”
Why it matters
First-party confirmation of a $600B multi-year AI infrastructure spend, with Zuckerberg explicitly framing the bigger risk as building too slowly for superintelligence possibly arriving in three years.
Investment implication
Sustained hyperscaler capex through 2028 supports AI infrastructure suppliers — NVIDIA/AMD GPUs, data center builders, power providers — and suggests Meta's capex guidance has room to rise further.