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Stock impact report

Meta expands its already massive Louisiana data center project [Fortune]

UiPath, Inc. Class A (PATH) 
Company Research Source: Fortune
Last week, my colleague Sharon Goldman learned that Meta has bought about 1,400 acres—an area almost twice the size of Central Park—next to its already massive 2,250-acre Hyperion AI data center site in Louisiana. It's a reminder that the data center story is a real estate story: Sharon points out that the total site is now more than twice the size of the nearest international airport in New Orleans. It's a serious bet on Meta's part, as Sharon writes: The apparent expansion of Meta's already enormous project offers a window into how the AI infrastructure boom is unfolding across the U.S. Hyperscalers—the Big Tech companies building out their AI infrastructure—are racing to lock up land, power, and financing for massive AI data-center campuses, often through debt-financed, politically sensitive expansions. Some, like the Louisiana project, are expanding so quickly that it may be difficult for local communities to spot or register concerns in real time. In December 2024, Meta an Show less Read more
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