Core Insights - Meta Platforms (META) is significantly increasing its capital expenditures, projecting between $66 billion and $72 billion for 2025 to support its core business and AI initiatives [1][9] - The company has operationalized its Kansas City Data Center, which utilizes 100% clean and renewable energy, and is focusing on AI-optimized data centers, with the first set to open in 2026 [2][3] - META is one of the largest corporate buyers of clean energy globally, with over 15 gigawatts purchased across six countries, and has entered a 20-year nuclear energy agreement for the Clinton Clean Energy Center starting in 2027 [3] Capital Expenditures and Investments - In Q2 2025, META's capital expenditures reached $17 billion, with expectations to maintain high spending levels to enhance its infrastructure [1][9] - The company is building its largest data center in Richland Parish, LA, which could cost around $50 billion [3] Competitive Landscape - META faces intense competition in the AI-data center sector from major players like Microsoft and Amazon, both of which are also ramping up their capital expenditures significantly [4][5][6] Stock Performance and Valuation - META's shares have increased by 26.2% year-to-date, outperforming the broader Zacks Computer and Technology sector, which has returned 12.9% [7][9] - The stock is currently trading at a forward 12-month price/sales ratio of 8.57, higher than the sector average of 6.66, indicating a premium valuation [12]