Overview
- Meta shares are down nearly a quarter from their all‑time high as investors question near‑term returns on large AI and Reality Labs outlays.
- Reuters has reported plans for roughly $600 billion in U.S. investment over three years to build AI infrastructure and data centers.
- Meta has cut about 600 roles from its AI unit, with reports indicating potential for further reductions as cost pressures persist.
- Wall Street is split: Needham maintained a Hold, Mizuho raised its target to $920 with a Buy, and Wedbush added Meta to its Best Ideas list with a $920 target.
- To fund the buildout, Meta announced plans for a $30 billion multi‑tranche bond sale and secured $27 billion in data‑center financing with Blue Owl.