TradingKey – Meta announces super data center with BlackRock, stock price rises instead of falling.

During pre-market hours on July 28, Eastern Time, Meta ( META) dropped a bombshell, announcing a partnership with global asset management giant BlackRock ( BLK) to jointly build a 1-gigawatt (GW) hyperscale AI data center campus in El Paso, Texas, with a total investment of approximately $14 billion. As of writing, Meta was up 0.52%, temporarily trading at $696.94.

Currently, the market is filled with concerns over the massive capital expenditures (CapEx) of tech giants, especially Google ( GOOG) and Tesla ( TSLA )’s earnings reports, which have exacerbated these worries. This has also made Meta cautious, leading it to release this news a…