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Fortune
Fortune
Sharon Goldman

Meta’s $27 billion bet turns AI compute into Wall Street’s hottest new investment

(Credit: GEORGE FREY/AFP via Getty Images)

Are data centers the new REIT? Not quite — but Meta’s new mega–data center in northeast Louisiana marks what one expert calls a “decisive shift” in how hyperscalers finance the AI era: by turning data centers into a new investable asset class.

“This is where capital markets meet compute,” said Sean McDevitt, a partner at management consulting firm Arthur D. Little, which provided commercial due diligence advice to Meta. 

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