Meta Is Lowering Its 2023 Capital Expenditure -- Could This Spell Trouble for Nvidia?

By Jose Najarro – Jul 26, 2023 at 5:29PM

NASDAQ: META

Meta Platforms

Market Cap

$1,197B

Today's Change

(-0.28%) -$1.32

Current Price

$471.91

Price as of May 17, 2024, 4:00 p.m. ET

Is the demand for AI hardware dwindling?

In this video, I will discuss Meta Platforms' (META -0.28%) earnings report and why it may impact Nvidia (NVDA -1.99%). Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the after-market prices of July 26, 2023. The video was published on July 26, 2023.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Jose Najarro has positions in Alphabet, Meta Platforms, Nvidia, and Unity Software. The Motley Fool has positions in and recommends Alphabet, Meta Platforms, Nvidia, and Unity Software. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.