Mark Zuckerberg lost about $29.2 billion as Meta's AI spending spooked investors, knocking him two spots down on Bloomberg's Billionaires Index.

Meta Platforms has finalized pricing on a $30 billion six-part bond sale, hot on the heels of a disappointing earnings report. The social-media company said proceeds from the sale would be used for general corporate purposes.

Meta says copyright lawsuit is baseless trolling, arguing that any downloads of adult content by AI teams were for personal use.

Meta’s stock slid in after-hours trading Wednesday after the tech giant posted strong third-quarter results but warned that its expenses will be significantly higher in 2026 than this year.

As of Wednesday, when the stock rose 3%, Nvidia was larger than Qualcomm, AMD, Arm Holdings, ASML, Broadcom, Intel, Lam Research, Micron Technology and Taiwan Semiconductor Manufacturing combined, according to Dow Jones Market Data. Its value also exceeded entire sectors of the S&P 500, including utilities, industrials and consumer staples.

On Wednesday, Alphabet and Microsoft also signaled higher AI investments. OpenAI CEO Sam Altman on Tuesday said he would eventually like the company to be able to add 1 gigawatt of compute every week - an astronomical sum given that each gigawatt currently comes with a capital cost of more than $40 billion.

AI is booting engagement across Meta's social media platforms and driving interest in Meta glasses, but it comes at the cost of record CapEx spending.

Apple and Amazon are due to post earnings after Thursday's market close. Apple, whose market value closed above $4 trillion for the first time Wednesday, edged higher another 0.6% today. Amazon shares were down about 2%.

Louisiana approved Meta's $10 billion project in August, saying it would bring "hope" for economic growth, but some experts say the center's power demands will raise customers' power bills​ statewide.

A re data centers the new REIT? Not quite — but Meta’s new mega–data center in northeast Louisiana marks what one expert calls a “decisive shift” in how hyperscalers finance the AI era: by turning data centers into a new investable asset class.