Meta has announced Petal, a new transatlantic subsea cable capable of transmitting data at 1 petabit per second between France and the U.S., expected to be operational by 2029. This cable doubles the capacity of current transoceanic systems without increasing power or infrastructure costs, supporting Meta's growing AI traffic and its 3.6 billion daily users. Petal represents a strategic investment in AI infrastructure, ensuring Meta can handle future compute demands efficiently. While the cable's impact won't appear in financial reports for years, it underpins Meta's long-term AI growth plans amid rising capital expenditures and strong revenue growth.
Meta Platforms Inc shares surged 11.96% to USD 744.81 as of Sep 22, 2026 02:22 WIB on Pluang, reflecting strong market interest possibly linked to its announcement of the Petal subsea AI cable. The company holds a substantial market cap of $1.70 trillion and an enterprise value of $1.72 trillion, indicating its dominant position in the media sector. Despite heavy sell orders at 81%, the stock’s 52-week high remains close at $778.49, showing resilience amid significant infrastructure investments.
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