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

In a new data center financing deal for Meta (recognized as an extremist organization in the Russian Federation) worth $12 billion, investors are demanding yields above 7%, significantly higher than terms nine months ago. The El Paso project, with a capacity of nearly 1 GW, plans to issue bonds through BlackRock's SPV.

Meta BlackRock

Intel Sets 15-Year Revenue Growth Record Amid AI Boom

Intel reported better-than-expected quarterly results, with revenue rising 25% to $16.1 billion, marking its fastest growth since 2011. The server segment grew 59%, while the contract manufacturing unit Intel Foundry increased revenue by 30.5%. The company expects further growth and forecasts third-quarter revenue above analyst estimates.

Intel Corporation