Shares in Meta Platforms (META) stock took a near 2% dip on Monday shortly after the company unveiled its “Meta Compute” initiative. The initiative sets out to build Meta’s artificial intelligence infrastructure and oversee the social media company’s global fleet of data centers and supplier partnerships in its pursuit of superintelligence. Despite it sounding like a good move for Meta, investors weren’t wowed, with the stock slipping to close the trading day.
CEO Mark Zuckerberg said on Monday that the new initiative will be co-led by Meta’s head of global infrastructure Santosh Janardhan, and Daniel Gross. Janardhan will continue to manage Meta’s technical foundations and data center operations, while Gross will lead a new group dedicated to strategic capacity planning and business partnerships, Zuckerberg said.
In addition, Meta is accelerating investments in frontier AI and personal superintelligence, a theoretical milestone where machines outthink humans. Zuckerberg went on to add that Meta is going all in to build data centers for those projects, as well as the energy capacity to support them. “Meta is planning to build tens of gigawatts this decade, and hundreds of gigawatts or more over time,” he said in a post on Threads.
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Meanwhile, Meta Platforms has also appointed former Trump adviser Dina Powell McCormick to lead its strategic initiatives amid significant investments in AI technology. The company has publicly stated its intention to continue its strong AI push in 2026, which has garnered mixed reactions from Wall Street analysts. ‘s planned layoffs in Reality Labs also reflect Meta’s need to restructure amid ongoing financial losses, and its stock is falling as a result.
With Meta stock currently trading at $642, analysts remain optimistic about Meta’s growth potential. Almost all top analysts maintain a Buy or Outperform rating for the stock, with most price targets significantly above the current market price. Most analysts agree on Meta’s growth potential, with price targets ranging from $800 to $935. Guggenheim and TD Cowen excel in price target accuracy, while Tigress Financial is bullish with a Strong Buy rating and the highest target of $935.
