Meta and BlackRock Partner on $14 Billion Texas AI Data Center Campus
The companies say the planned Texas project will focus on AI infrastructure, with the deal positioned as Meta’s largest external infrastructure collaboration.
Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
The companies say the planned Texas project will focus on AI infrastructure, with the deal positioned as Meta’s largest external infrastructure collaboration.
THE APEX TIMES
The automaker lifted its yearly earnings forecast again, citing strength in higher-priced pickup demand that helped counter headwinds from tariffs and softness in electric-vehicle performance.
AMD and other leading semiconductor names were dragged lower after results from SK hynix failed to meet expectations, tightening the market’s focus on near-term memory pricing and supply-demand outlines.
A Wall Street firm cut its Caterpillar price target after flagging new risks from data-center restrictions that could affect demand growth for the company’s power and related equipment.
In a post-earnings update reported by Yahoo Finance, Bank of America indicated that Coca-Cola’s execution is supporting a higher valuation multiple.
After a volatile selloff, Tesla’s stock logged its weakest weekly performance since 2022, falling about 18% as investors questioned Elon Musk’s timeline and the scale of spending tied to robotaxi and AI plans.
A long-term partnership between AMD and Core Scientific highlights how the economics of artificial intelligence are increasingly pulling compute infrastructure into the center of the market, not just chip design.
A recent analysis highlights UPS’s ability to generate and return cash, arguing that the stock’s valuation does not reflect that cash profile. UPS did not provide new guidance or results in the cited post.
Alphabet’s stock fell sharply last week following its earnings release, prompting fresh commentary that the market may be pricing in too much pessimism.