Meta Platforms, Inc. (META) Commits $1.5B for AI Data Center in Texas

Meta Platforms, Inc. (NASDAQ:META) is among the 14 Best Big Name Stocks to Invest in Right Now. On October 15, the company announced it would invest up to $1.5 billion in an AI data center in Texas.

This would mark the social media giant’s 29th such facility worldwide, as it expands its infrastructure to facilitate AI workloads. The data center in El Paso will be Meta Platforms, Inc. (NASDAQ:META)’s third in Texas. It is expected to come online in 2028, with a capacity to scale to a 1-gigawatt site, making it among the largest planned data center campuses in the country.

Once operational, the new data center is expected to create around 100 jobs, with over 1,800 construction workers likely to be on-site during peak construction. The company said that it chose El Paso due to its skilled workforce and robust electrical grid.

Meta Platforms, Inc. (NASDAQ:META) employs over 2,500 people across Texas and has invested more than $10 billion in the state, including the latest investment in El Paso.

The announcement follows the company’s $29 billion off-balance-sheet deal in August with Blue Owl and Pimco for a data center campus in Louisiana.

Meta Platforms, Inc. (NASDAQ:META) is one of the largest technology companies in the world. It operates several popular social media platforms, including Facebook, WhatsApp, Instagram, and Threads.

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