Meta Platforms, Inc. (META)[Tv]

Key Developments

• Meta secures a $27 billion multi-year infrastructure agreement with Nebius Group, including $12 billion in dedicated AI compute capacity and $15 billion in backstop financing—a pivotal move that de-risks Meta’s global AI scaling strategy and solidifies Nebius as a core European supplier.
• Meta finalizes a 1.2 GWe agreement with Oklo Inc. for small modular reactors (SMRs), positioning the company as a pioneer in energy-AI integration and securing long-term, clean, reliable power for AI-driven data centers, marking a strategic pivot toward energy sovereignty.
• Meta strikes a landmark $160 million warrant deal with AMD, featuring a six-gigawatt, four-year supply of custom MI450 chips and performance-based equity warrants—a game-changing shift to reduce dependence on Nvidia and embed AMD as a foundational AI hardware partner.
• Meta announces a potential $10B+ equity offering to fund $125B–$145B in AI infrastructure capex for 2026—highlighting severe financial strain despite record revenue, signaling mounting pressure to externalize its capital needs.
• The European Commission launches an EU-wide probe into Meta’s AI integration in WhatsApp, issuing an interim order mandating free API access to rival AI chatbots—with potential fines up to 10% of global revenue, directly threatening Meta’s ability to monetize its most valuable platform.