Executive Summary
Meta delivered Q4 revenue of $58.9B (+25% YoY) while guiding Q1 2026 to $53.5-56.5B, representing the fastest growth inflection in five years. CEO Zuckerberg declared 2026 'the year AI starts to dramatically change how we work,' with Meta Superintelligence Labs (MSL) six months into development and initial model releases planned throughout 2026. The company is committing $115-135B in capex, primarily for AI infrastructure, while maintaining operating income growth despite this unprecedented inve...
Key Investment Opportunity
AI Infrastructure Investment Cycle Creating Sustainable Moat
Meta's $115-135B capex commitment represents the largest infrastructure investment in company history, occurring while maintaining operating income growth. This positions Meta ahead of competitors in the AI race while creating significant barriers to entry.
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