Is Meta Platforms Spending Too Much on Data Centers?

By Jose Najarro and Nicholas Rossolillo – Nov 6, 2022 at 7:30AM

NASDAQ: META

Meta Platforms

Market Cap

$1,187B

Today's Change

(0.68%) $3.15

Current Price

$467.78

Price as of May 22, 2024, 4:00 p.m. ET

Meta Platforms is spending more money than some trillion-dollar tech giants.

In today's video, Jose Najarro and Nick Rossolillo discuss some of their top stocks when investing in the data center market and some of the reasons why Meta Platforms (META 0.68%) continues to invest heavily in data centers. Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of Nov. 3, 2022. The video was published on Nov. 4, 2022.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Jose Najarro has positions in Advanced Micro Devices, Alphabet (C shares), Meta Platforms, Inc., Microsoft, Nvidia, and Qualcomm. Nicholas Rossolillo has positions in Advanced Micro Devices, Alphabet (C shares), Amazon, Arista Networks, Meta Platforms, Inc., Nvidia, and Qualcomm. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet (A shares), Alphabet (C shares), Amazon, Arista Networks, Meta Platforms, Inc., Microsoft, Nvidia, and Qualcomm. The Motley Fool has a disclosure policy.