Meta Platforms (NASDAQ: META) is reportedly in discussions to build a new data center campus dedicated to its artificial intelligence projects, with potential costs exceeding $200 billion. The company is considering locations in Louisiana, Wyoming, or Texas, with senior leaders having visited potential sites this month. However, a Meta spokesperson denied the report, stating that their data center plans and capital expenditures have already been disclosed and that anything beyond that is “pure speculation.”
As of 8:56 AM EST on February 26, 2025, Meta Platforms’ stock is trading at $657.50, reflecting a decrease of $10.61, or 1.59%, from the previous close.
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About Meta Platforms
Meta Platforms, formerly known as Facebook, Inc., is a leading technology company specializing in building products that enable people to connect and share through mobile devices, personal computers, virtual reality headsets, and in-home devices. Its segments include Family of Apps (Facebook, Instagram, Messenger, WhatsApp) and Facebook Reality Labs, which focuses on augmented and virtual reality-related consumer hardware, software, and content.
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