Meta Platforms Inc. shares fell 4.3% at the market open on Thursday, July 9, after Reuters reported the contents of an internal memo outlining the company’s next phase of artificial intelligence (AI) infrastructure, according to market data.
The memo discloses plans to double Meta’s overall computing capacity to 14 gigawatts (GW) by 2027, with 7 GW to be deployed this year, according to the report [1]. The document also details long-term supply contracts for memory, flash storage and fiber-optic equipment amid a memory shortage that has begun raising consumer hardware prices, the memo stated [1]. The stock partially recovered through the morning but remained in negative territory as investors weighed the scale of the expansion.
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