# Meta Platforms (META) just delivered its strongest sales growth since 2021.

*business · news · 2026-05-04 · Barchart*

## Key points

- Meta raised its 2026 CapEx guidance to $125–$145 billion for AI infrastructure and Superintelligence Labs.
- Meta and AMD have a multi-year deal for up to 6 gigawatts of Instinct GPUs, starting late 2026.
- Meta signed an $21 billion expanded AI cloud deal with CoreWeave, running through December 2032.
- Meta secured up to 1 gigawatt of space-based solar power with Overview Energy for data center scalability.
- Analysts maintain a consensus Strong Buy rating with an $842.37 average target, implying 38% upside.

**Companies:** Meta Platforms, AMD, Broadcom, CoreWeave, Nebius
**Countries:** United States, China

[Read the full story on Barchart](https://www.barchart.com/story/news/1694323/cathie-wood-is-shrugging-off-capex-fears-and-buying-the-dip-in-meta-platforms-stock)

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