Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
SpaceX Reportedly Preparing Record-Breaking IPO Targeting $1.5 Trillion Valuation 
U.S.-EU Tensions Rise After $140 Million Fine on Elon Musk’s X Platform 
U.S. Greenlights Nvidia H200 Chip Exports to China With 25% Fee 
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up 
Gulf Sovereign Funds Unite in Paramount–Skydance Bid for Warner Bros Discovery 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Air Transat Reaches Tentative Agreement With Pilots, Avoids Strike and Restores Normal Operations 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
Nvidia Develops New Location-Verification Technology for AI Chips 
Australia Enforces World-First Social Media Age Limit as Global Regulation Looms 
US Charges Two Men in Alleged Nvidia Chip Smuggling Scheme to China 
CVS Health Signals Strong 2026 Profit Outlook Amid Turnaround Progress 
Meta Platforms (NASDAQ:META) is ramping up its investment in artificial intelligence, with CEO Mark Zuckerberg announcing plans to spend hundreds of billions of dollars on AI infrastructure. The tech giant will build several massive data centers to support the development of superintelligent systems, aiming to outpace rivals like OpenAI and Google (NASDAQ:GOOGL).
Zuckerberg revealed that Meta’s first multi-gigawatt data center, named Prometheus, will go live in 2026. Another facility, Hyperion, is set to scale up to 5 gigawatts. “We’re building multiple more titan clusters… just one of these covers a significant part of the footprint of Manhattan,” Zuckerberg said on Threads. According to SemiAnalysis, Meta could be the first AI lab to bring a gigawatt-plus supercluster online.
The massive spend comes amid investor concerns, but Zuckerberg pointed to Meta’s robust $165 billion revenue last year and strong ad business performance as justification. The company’s stock has gained over 20% this year, rising 1% on the day of the announcement.
In April, Meta increased its 2025 capital expenditure to $64–$72 billion. The company recently reorganized its AI division into “Superintelligence Labs” after Llama 4 model setbacks and key departures. The unit, now led by former Scale AI CEO Alexandr Wang and ex-GitHub head Nat Friedman, is expected to fuel future revenue through Meta AI apps, smart glasses, and advanced ad tools.
Some reports suggest Meta may abandon its open-source Behemoth model for a closed alternative. Analyst Gil Luria noted that while AI already enhances Meta’s ad sales, this level of investment signals a long-term play to dominate in superintelligent AI.
Meta’s aggressive AI push highlights the intensifying race to lead the next era of computing.
