Power and electrical equipment companies moved higher in early trading after The Information reported Tuesday evening that Meta Platforms is in discussions to build a new artificial intelligence data center campus that “would dwarf anything the company has done to date” and be the largest project of its kind, with costs potentially exceeding $200 billion. A person familiar with the plans said Meta has been speaking with developers about potentially opening the data center campus in states including Louisiana, Wyoming, or Texas, adding senior executives have already toured potential sites. On Meta’s latest earnings call, META CEO Mark Zuckerberg said the social media company plans to invest “hundreds of billions of dollars” in AI infrastructure “over the long term,” without elaborating. <blockquote class=”twitter-tweet”><p lang=”en” dir=”ltr”>TikTok Owner ByteDance Plans $12 Billion AI Chip Investing Spree; Trump Unveils "Stargate" Project <a href=”https://t.co/ngpiMlDhWA”>https://t.co/ngpiMlDhWA</a></p>— zerohedge (@zerohedge) <a href=”https://twitter.com/zerohedge/status/1882065757351125238?ref_src=twsrc%5Etfw”>January 22, 2025</a></blockquote> <script async src=”https://platform.twitter.com/widgets.js” charset=”utf-8″></script> Like Amazon, Microsoft, and Google, Meta has aggressively increased capital expenditures to expand AI data centers, raising its capex to between $60 billion and $65 billion, nearly 70% higher than last year. The company has not provided details on whether the new project will begin this year. Click here to read more Also read: Meta To Spend $65bn On AI […]