Oracle stock falls on report of scrapped Texas data center plans [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
The stock had been trading up as much as 3% earlier in the session before the news emerged. After erasing gains and falling 1%, shares later stabilized. Oracle and OpenAI scrapped plans to expand a flagship artificial intelligence data center in Abilene, Texas, after negotiations dragged over financing and OpenAI's changing needs, according to Bloomberg. The collapsed talks created an opening for Meta Platforms Inc. (NASDAQ:META) to step in and consider leasing the planned expansion site from developer Crusoe. Nvidia Corp. (NASDAQ:NVDA), the AI chipmaker, helped facilitate Meta's discussions with the developer, Bloomberg reported. Nvidia paid a $150 million deposit to Crusoe and began helping court Meta as a tenant for the expansion, according to the report. The 1,000-acre campus being developed by Crusoe in Abilene is part of the Stargate project, which was announced at the White House with President Donald Trump. While several parts of the site are up and running, Oracle and
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News
- Corning Taps AI Data Center Growth While Targeting Foldable Phone Demand [Yahoo! Finance]Yahoo! Finance
- OpenAI and Oracle decide not to expand Texas data center site: report [Seeking Alpha]Seeking Alpha
- Oracle and OpenAI End Plans to Expand Flagship Data Center [Yahoo! Finance]Yahoo! Finance
- 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