Oracle and OpenAI End Plans to Expand Flagship Data Center [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
data center in Texas after negotiations dragged over financing and OpenAI's changing needs. The collapsed talks created an opening for Meta Platforms Inc. to step in and consider leasing the planned expansion site in Abilene, Texas, from developer Crusoe, according to people familiar with the matter. Nvidia Corp., the leading AI chipmaker, helped facilitate Meta's discussions with the developer, said the people, who asked not to be identified because the talks are private. Most Read from Bloomberg US Sinking of Iranian Warship Piles Pressure on India's Modi China Tells Top Refiners to Halt Diesel and Gasoline Exports ‘As Dead as Fried Chicken': Why Trump Finally Fired Noem Modi Stresses Dialog, Diplomacy After US Sinks Iran Warship Oracle Plans Thousands of Job Cuts in Face of AI Cash Crunch The shifting plans underscore the complexity of building out AI data centers, which are expected to cost in the tens of billions of dollars and require cooperation from a wide swat
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News
- Corning Taps AI Data Center Growth While Targeting Foldable Phone Demand [Yahoo! Finance]Yahoo! Finance
- Oracle stock falls on report of scrapped Texas data center plans [Yahoo! Finance]Yahoo! Finance
- OpenAI and Oracle decide not to expand Texas data center site: report [Seeking Alpha]Seeking Alpha
- House Panel Advances 12-Bill Online Child Safety Package Targeting Big Tech [Yahoo! Finance]Yahoo! Finance
- Meta Platforms, Spotify and 5 Other Stocks to Buy in the Market Wreckage [Barron's]Barrons
META
Earnings
- 1/28/26 - Beat
META
Sec Filings
- 3/4/26 - Form 4
- 3/3/26 - Form 4
- 3/2/26 - Form 144
- META's page on the SEC website