Meta faces higher borrowing costs in $12 billion data center financing

In a new data center financing deal for Meta for $12 billion, investors are demanding yields above 7%, significantly higher than terms from nine months ago. The nearly 1 GW project in El Paso plans a bond issuance through BlackRock SPV.

Meta BlackRock

Intel reports 15-year record revenue growth driven by AI boom

Intel reported Q2 revenue of $16.1 billion, up 25% year-over-year, the fastest growth since 2011, beating analyst expectations. Server segment revenue surged 59%, while the client segment grew 12.8%. Intel Foundry revenue rose 30.5% but posted a $2.1 billion operating loss. CEO Lip-Bu Tan highlighted strong AI-driven demand and improved profit margin of 40.4%.

Intel Corporation