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Meta Becomes An Energy Trader To Feed Its Massive AI Power Needs
Meta Platforms Inc. (NASDAQ:META) is moving directly into electricity trading to secure the massive power supply needed for its expansion of artificial intelligence. The company wants to accelerate the construction of new U.S. power plants after learning that developers lack buyers willing to make early, long-term commitments. By trading power, Meta can sign these agreements,...
Meta moves to power trading to support AI ambitions, Bloomberg reports
Meta Platforms (META) is venturing into electricity trading to accelerate the construction of new U.S. power plants vital to its AI ambitions, Bloomberg’s Josh Saul...
MoffettNathanson Turns Cautious on META, Citing Accelerating AI Spend
Meta Platforms, Inc. (NASDAQ:META) is one of the AI Stocks Making Moves on Wall Street. On November 19, MoffettNathanson cut its price target for the stock to $750, warning that “this time is different” from previous tech resets. The firm believes that there are steep margin risks amid accelerating AI investments for Meta. The firm believes that...




