Meta Signs Nuclear Energy Deals To Power AI Supercluster
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Meta has signed landmark agreements with energy leaders to power its operations through nuclear energy, enhancing the reliability of the electric grid and supporting job growth in American communities. This makes Meta one of the largest corporate purchasers of nuclear energy in U.S. history. Meanwhile, AI startup xAI, founded by Elon Musk, reported a net loss of $1.46 billion for the September quarter, indicating significant cash burn. Additionally, Wells Fargo has lowered CoreWeave's price target but maintains an Overweight rating, emphasizing the importance of AI in future performance.
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