Meta Platforms is collaborating with Reliance Industries to build its first AI-enabled data center in India, a 168-megawatt facility in Jamnagar, Gujarat. This project, expected to be completed within two years, will support Meta's global AI computing needs and is powered by renewable energy with innovative cooling using desalinated seawater. The partnership highlights India's growing importance to Meta's long-term AI strategy, following previous investments and joint ventures in the country. This move strengthens Meta's position in the competitive AI infrastructure race against Microsoft, Alphabet, and Amazon.
Truist Securities analyst Youssef Squali reaffirmed a 'Buy' rating on Meta Platforms with a $840 price target, suggesting about 43% upside from current levels. The bullish outlook is driven by Meta's potential to generate over $20 billion annually fr...
Meta has partnered with Reliance Industries to develop a 168-megawatt AI-enabled data center in Jamnagar, Gujarat, marking its first AI infrastructure investment in India. This expands their collaboration from Meta's $5.7 billion investment in Relian...
Jim Cramer warns that tech stocks are losing key traits that fueled their dominance, such as limited share supply and strong buybacks. The surge in AI-related IPOs from companies like SpaceX and OpenAI, along with rising capital needs for AI infrastr...
The Invesco AI and Next Gen Software ETF (IGPT) has risen about 68% year to date, fueled by strong earnings from major tech companies like NVIDIA, Microsoft, Alphabet, Amazon, Meta, and Tesla, which dominate the fund's holdings. The key factor to wat...
Meta has introduced America’s Workforce Academy, a $115 million initiative to train electricians, welders, plumbers, and fiber technicians, guaranteeing jobs for graduates. The program covers all training costs and pays attendees, aiming to address w...
