Meta and BlackRock Invest 14 Billion Dollars in Texas Data Center

Corporate ActionIndustry Impact 4
โดย Jiemian·Read original
Summary · why it matters

Meta and BlackRock have formed a joint venture to develop and operate a data center campus in El Paso, Texas, with a project development cost of around 14 billion dollars. This year, AI-related companies have already issued 270 billion dollars in new debt, pushing up financing costs for tech giants. Meta previously also said it plans to invest a cumulative 600 billion dollars in data centers by 2028 to accelerate its personal superintelligence strategy. Minmetals Securities noted that global tech stocks have recently undergone a resonance correction, with the STAR 50 Index pulling back more than 20 percent at one point, but the long-term positive industrial logic for Chinese tech stocks has not fundamentally changed, and global AI capital expenditure remains in an expansion phase. As of 1:59 PM on July 29, 2026, the SSE STAR 100 Index was down 0.65 percent, and the Bosera STAR 100 ETF was down 0.81 percent, last quoted at 1.6 yuan. The ETF has risen 16.20 percent year-to-date, with intraday turnover of 198 million yuan. Over the past 10 trading days, it saw a total net inflow of 140 million yuan. The latest price-to-earnings ratio of its underlying index is at a historical low, in the 2.68th percentile over the past year.

Impact on stocks 3

Digital Finance & Tokenization▲ · 1 stocks
BlackRock Inc
BLK
▲ PositiveCapitalrelevance

BlackRock forms joint venture with Meta to develop $14B data center campus in Texas.

Artificial Intelligence▲ · 1 stocks
Meta Platforms Inc.
META
▲ PositiveCapitalrelevance

Meta invests in $14B data center joint venture with BlackRock, advancing its AI infrastructure plans.

Others▲ · 1 stocks

Theme Impact 8

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