Report: Meta in talks for $200 billion data center

$200B

A hundred billion here, a hundred billion there. Big Tech’s AI capex orgy appears to continue unabated by signs that its scaling strategy might not play out.

The Information is reporting that Meta, not content with the $10 billion, city-sized data center it’s building in Louisiana, is discussing plans to build a $200 billion “data center campus.”

Recently Amazon pledged more than $100 billion for AI data centers in 2025, while Microsoft pledged $80 billion and Alphabet pledged $75 billion for AI infrastructure.

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Rani Molla2m

Apple closes at record high for first time in 2025

After spending the day at intraday highs, Apple set an all-time closing high of $262.24 Monday, following reports of increased iPhone 17 sales and an analyst upgrade. Loop Capital raised its price target to a Street high of $315.

The stock’s previous all-time closing high was in December 2024.

Apple reports its fiscal year 2025 results later this month, during which analysts expect the company’s all-important iPhone sales to return to growth.

A tale of two Teslas from two analyst notes by guys named Dan

Ahead of Tesla’s third quarter earnings, Barclays’ Dan Levy and Wedbush’s Dan Ives weigh in.

Rani Molla2h

Jon Keegan3h

Data center frenzy taxes natural resources, sparks anger around the globe

The race to build ever-larger, power-hungry data centers isn't limited to the US. In Ireland, more than 20% (!!!) of the country’s electricity is consumed by data centers. In Mexico, poor communities near data center sites are seeing water supplies dry up and their fragile power grids falter.

A New York Times report examines what these data center projects look like around the world, and track the local opposition mounted by environmental groups seeking to block future projects.

The report notes that despite growing local opposition, countries are still bending over backwards to lure the billions of dollars in investment that come with these data center projects, offering rich tax incentives to the companies developing the projects, in exchange for a relatively small number of jobs, and promises of various-if-vague local benefits.

Much like in the US, the data center deals are shrouded in secrecy, with elected officials required to sign NDAs, and the extensive use of shell companies masking the identity of the massive tech companies behind the projects.

AI Data Centers Create Fury From Mexico to Ireland

A New York Times report examines what these data center projects look like around the world, and track the local opposition mounted by environmental groups seeking to block future projects.

OpenAI claimed a math breakthrough this weekend, only to be smacked down

The embarrassing episode sprouted from a misunderstood post, amplified by an OpenAI executive as proof of GPT-5’s mathematical prowess, but turned out not to be what it seemed.

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Rani Molla7h

Analysts expect iPhone revenue to return to growth this year and next

Sales of Apple’s latest iPhone are shaping up for a good year, after a couple of pretty crappy ones, according to the latest analyst consensus estimates from FactSet.

Analysts have been revising up their iPhone revenue expectations for the fiscal year ended in late September — which includes a half month of the latest iPhone sales — and now expect iPhone revenue to rise 4.5% in FY 2025 to $210 billion. Growth for FY 2026 is now pegged at 5.5%. Last year, sales were basically flat after declining more than 2% in FY 2023. Of course, as Apple’s hold on the global smartphone market has grown over the years, its latest growth expectations pale in comparison to the early 2010s, but still represent the strongest growth since the pandemic.

Some are crediting the iPhone 17’s physical redesign for positive sales indicators, but we suspect the boost has more to do with a natural upgrade cycle than any specific features.

The stock is trading up nearly 2% premarket and is expected to open near a record high today, following positive early sales estimates from Counterpoint Research and an upgrade from Loop Capital which raised its price target to $315, a Street high.

Apple reports its 2025 fiscal year results on October 30.

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