Meta shares are trading under short-term pressure near $658 as investors weigh the company’s expanded $50 billion Louisiana data center plan, rising AI infrastructure spending, and wider market caution tied to renewed U.S.-Iran military strikes.
Meta Expands Louisiana AI Data Center to 5GW
Meta said its Hyperion data center project in Richland Parish, Louisiana, will expand to 5 gigawatts of compute capacity and cost more than $50 billion. The project was previously disclosed at a lower scale, with earlier plans tied to a 2GW buildout and a $27 billion figure connected to a joint venture with Blue Owl Capital.
The facility is planned as Meta’s largest data center and is being built for artificial intelligence workloads. Unlike standard data centers, AI superclusters require large numbers of graphics processing units, networking systems and power infrastructure to train and run advanced models.
Meta CEO Mark Zuckerberg said the Hyperion supercluster will be “able to scale up to 5GW over several years.” He also said Meta Superintelligence Labs will have “industry-leading levels of compute and by far the greatest compute per researcher.”
A Meta spokesperson said the project should reach 2GW by 2030. The company did not announce a new financial partner for the expanded phase, and the full timing of the additional capacity remains open.
Tax Incentives and Local Spending Support Project
Louisiana has supported the project with tax incentives designed to attract large data center investments. In late 2024, Governor Jeff Landry signed a 20-year sales tax exemption for data centers built before 2029, a measure tied to efforts to bring Meta’s AI infrastructure spending into the state.
Landry defended the package by saying, “I’m a business guy.” He added, “What we know is when you look at the overall comprehensive package here, it’s in the black.” That remains the state’s position, while the final public cost and long-term fiscal return will depend on construction, power use, jobs and local tax flows.
Meta said it pays the full costs of the energy, water and related infrastructure used by the data center so consumers do not carry those costs. The company also said local businesses have received more than $1.6 billion in contracts since construction began in December 2024.
The company plans to invest more than $1 billion in local infrastructure, including roads, water systems, and wastewater upgrades. Meta also said the site is expected to support more than 1,000 jobs once operational.
META Stock Faces $660-$664 Resistance
Meta shares recently traded near $658.65 after breaking below the key intraday level around $663.87. The move shifted short-term momentum bearish because the stock is now trading near the previous day’s low around $658.01.
The main resistance zone is between $660 and $664. A move back above $663.87 could put $668 in focus, followed by $672 to $676.88 near the previous day’s high.
Source: X
On the downside, failure to reclaim $660 to $664 keeps pressure on the stock. The next support areas sit near $650 to $644, followed by $638.61. A deeper pullback could bring the gap-fill area near $633.33 into view, with another level near $629.79.
