{"id":389108,"date":"2026-07-28T13:44:13","date_gmt":"2026-07-28T13:44:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/389108\/"},"modified":"2026-07-28T13:44:13","modified_gmt":"2026-07-28T13:44:13","slug":"meta-joins-forces-with-blackrock-to-build-ai-mega-campus-in-el-paso","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/389108\/","title":{"rendered":"Meta Joins Forces With BlackRock to Build AI Mega Campus in El Paso"},"content":{"rendered":"

<\/a> <\/p>\n

Meta Platforms Inc. (NASDAQ:<\/a>META<\/a>) stock rose in Tuesday’s premarket session, outperforming a weaker broader market ahead of the company’s quarterly earnings. Nasdaq futures fell 0.91%, while S&P 500 futures slipped 0.18%. <\/p>\n

Meta’s gains came despite a risk-off tone in equity futures as investors positioned ahead of the company’s second-quarter earnings report, due on Wednesday, July 29. The stock is drawing attention as traders weigh expectations for advertising growth, artificial intelligence investments and spending discipline.. <\/p>\n

Meta, BlackRock Partner On $14 Billion Texas AI Data Center Venture <\/p>\n

Investor sentiment also received a boost after Meta Platforms and BlackRock Inc. (NYSE:<\/a>BLK<\/a>) announced<\/a> a venture to develop a $14 billion, 1-gigawatt artificial intelligence data center campus in El Paso, Texas. <\/p>\n

Funds managed by BlackRock will own an 80% stake in the venture, while Meta will retain the remaining 20% and lease the entire campus. <\/p>\n

The project, which is expected to begin coming online in 2028, includes more than $10 billion in Meta investment and is projected to create more than 4,000 construction jobs and 300 operational jobs once complete. <\/p>\n

Meta founder and CEO Mark Zuckerberg said expanding infrastructure for superintelligence is essential to broadening access to AI technology. <\/p>\n

He added that partnering with BlackRock will help Meta build data centers more quickly and at greater scale by combining its operational expertise with BlackRock’s infrastructure investment capabilities. <\/p>\n

BlackRock Chairman and CEO Larry Fink said the partnership will support thousands of skilled jobs and contribute to economic growth in El Paso. <\/p>\n

He added that the deal reflects rising demand for long-term infrastructure financing and demonstrates BlackRock’s ability, alongside GIP and HPS, to provide investment opportunities tied to AI infrastructure and energy projects. <\/p>\n

Technical Analysis <\/p>\n

Meta remains under pressure despite Tuesday’s modest rebound. The stock is trading 4.5% below its 20-day simple moving average of $623.15, 1.7% below its 50-day SMA of $605.62 and 6.6% below its 200-day SMA of $637.48. <\/p>\n

Momentum also remains weak. The moving average convergence divergence (MACD) indicator is below its signal line, while the histogram remains negative, suggesting buying momentum has eased. <\/p>\n

The moving averages present a mixed picture. The 20-day SMA remains above the 50-day SMA, but the 50-day SMA is still below the 200-day SMA, a bearish “death cross” that formed in December 2025. The pattern suggests the stock is attempting to stabilize but has yet to confirm a longer-term trend reversal. <\/p>\n

The 50-day SMA near $606 remains the first major resistance level. On the downside, $577 is an important support area. A break below that level could shift attention toward the stock’s March 52-week low. <\/p>\n

Earnings In Focus <\/p>\n

Meta is scheduled to report second-quarter results on July 29, 2026. <\/p>\n

Wall Street expects earnings of $7.18 per share, up from $7.14 a year earlier, on revenue of $60.22 billion, compared with $47.52 billion in the prior-year quarter. The stock trades at about 21.6 times earnings. <\/p>\n

Analysts remain broadly bullish. The consensus rating is Buy, with an average price forecast<\/a> of $820.81. Recent forecast increases include Raymond James to $850, Wells Fargo to $835 and Rothschild & Co. to $1,000, all issued on July 21. <\/p>\n

Benzinga Edge Rankings <\/p>\n

Meta scores highly on Growth (88.99) and Quality (86.23) but ranks weak on Momentum (13.21). Its Value score of 52.60 suggests the shares are fairly valued relative to peers. <\/p>\n

Strong fundamentals continue to support Meta, but weak price momentum is limiting its near-term performance. <\/p>\n

ETF Exposure <\/p>\n

Meta remains a major holding in several growth-focused exchange-traded funds, including the Capital Group Growth ETF (NYSE:<\/a>CGGR<\/a>), First Trust Dow Jones Internet Index Fund (NYSE:<\/a>FDN<\/a>) and Natixis Loomis Sayles Focused Growth ETF (NYSE:<\/a>LSGR<\/a>). As a large index component, fund inflows and outflows can influence demand for the stock. <\/p>\n

META Stock Price Activity: Meta Platforms shares were up 0.36% at $595.99 during premarket trading on Tuesday, according to Benzinga Pro data<\/a>. <\/p>\n

Image via Shutterstock <\/p>\n

Read Also:Data Center Leases Top $850 Billion as Meta, Microsoft, Oracle Lead Record AI Infrastructure Spending<\/a> <\/p>\n

UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily<\/a>, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. <\/p>\n

Get the latest stock analysis from Benzinga: <\/p>\n

This article Meta Joins Forces With BlackRock to Build AI Mega Campus in El Paso<\/a> originally appeared on Benzinga.com<\/a> <\/p>\n

\u00a9 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. <\/p>\n","protected":false},"excerpt":{"rendered":"Meta Platforms Inc. (NASDAQ:META) stock rose in Tuesday’s premarket session, outperforming a weaker broader market ahead of the…\n","protected":false},"author":2,"featured_media":389109,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[24238,138,140,139,6910,137080],"class_list":["post-389108","post","type-post","status-publish","format-standard","has-post-thumbnail","category-el-paso","tag-blackrock","tag-el-paso","tag-el-paso-headlines","tag-el-paso-news","tag-meta-platforms-inc","tag-nasdaq-futures"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/389108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=389108"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/389108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/389109"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=389108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=389108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=389108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}