- Erste Group upgraded Meta Platforms (META) to Buy, raised 2026 capex to $125–145B and forecasts Q2 revenue $58–61B, citing 26% trailing revenue growth and AI infrastructure spending
- Meta Platforms (META) plans a 1–1.8 GW AI‑optimized data center in Alberta, its 33rd global site, targeting 2028 start, backed by long‑term power deals, EV cooling and major construction hiring
- MNTN CEO Mark Douglas questioned Meta Platforms (META) moving from ads into cloud, citing high client switching costs with AWS/Google Cloud and doubts about Meta's spare AI infrastructure capacity.
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Key facts: Erste Upgrades Meta; Alberta AI Center; CEO Questions Cloud
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Erste Group upgraded Meta Platforms (META) to Buy, raised 2026 capex to $125–145B and forecasts Q2 revenue $58–61B, citing 26% trailing revenue growth and AI infrastructure spendin