Meta Is Building a $1.5 Billion Data Center in Texas
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Meta is investing $1.5 billion in a new data center in Texas, following its earlier announcement of a $50 billion project in Louisiana. The company plans to allocate up to $72 billion this year for capital projects, primarily focused on AI. CEO Mark Zuckerberg emphasizes the importance of AI technology for the future. Wall Street analysts have a Strong Buy consensus on META stock, with an average price target of $878.64, indicating a potential upside of 22.5%.
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