Bank of America analysts set a $350 price target for Nvidia (NASDAQ: NVDA), implying the stock trades at up to a 50% discount, despite the shares being at $218. The analysts argue the market is overst…
Meta and BlackRock's $14 billion AI data center campus in El Paso, Texas, is so large that conventional insurers can only partially cover it, according to risk advisory firm Marsh and industry observe…
Alphabet, Meta Platforms, Microsoft, and Amazon are collectively investing nearly $2.4 trillion in AI infrastructure, with Morgan Stanley projecting a $1.5 trillion financing gap that private credit m…
Meta Platforms Inc. announced plans to build a $14 billion artificial intelligence data center campus in El Paso, Texas, in collaboration with BlackRock Inc., the world's largest asset manager. The tw…
Meta and BlackRock announced a $14 billion joint venture to build and operate a one-gigawatt AI data center in El Paso, Texas, with BlackRock holding an 80 percent controlling stake and Meta holding 2…
BlackRock is set to take an 80 percent stake in Meta's $14 billion, one-gigawatt AI data center project in El Paso, giving the world's largest asset manager direct control over infrastructure powering…
Meta Platforms and BlackRock announced a joint venture to develop a $14 billion data center campus in El Paso, Texas, with BlackRock-managed funds owning 80% and Meta retaining 20%. The 1-gigawatt fac…
Meta and BlackRock are partnering on a $14 billion data center campus in El Paso, Texas, with BlackRock's managed funds taking an 80% ownership stake and Meta retaining 20%. The 1-gigawatt facility, e…
Meta and BlackRock have formed a $14bn joint venture to build an AI data centre in El Paso, Texas, with BlackRock funds owning 80% and Meta owning 20%. Meta will remain the sole tenant and constructio…
Meta is investing $10 billion into an AI data center campus in El Paso, Texas, with plans to bring it online by 2028 at a capacity of 1 gigawatt, a sixfold increase from an initial $1.5 billion commit…
Meta Platforms Inc. and BlackRock Inc. will jointly build and operate a $14 billion, 1-gigawatt data center complex in El Paso, Texas, with Meta as the initial sole tenant when it goes online in 2028.…
Meta and BlackRock announced a venture to develop and own a 1-gigawatt data center campus in El Paso, Texas, representing a $10 billion investment from Meta that will create over 4,000 construction jo…
BlackRock raised US$12.5 billion in debt for a Meta Platforms data centre project in Texas, with the 2048 note pricing at a yield premium of 2.875 percentage points over 10-year Treasury yields. The d…
Meta acquired roughly 1,039 acres in Northeast El Paso, Texas, for approximately $8.5 million to build a massive AI data center campus designed to scale up to 1 GW of capacity, with total projected in…
Meta and BlackRock are raising more than $12 billion in bonds through a joint venture called Project Sopaipilla Holdings to finance a 1-gigawatt Meta data center campus in El Paso, Texas, with JPMorga…