Meta in Talks to Lease Abilene AI Site with $150M Nvidia Backing
Meta Platforms is in talks to lease the planned expansion site next to Oracle’s Abilene AI data center from Crusoe, with Nvidia posting a $150 million deposit. Meta’s orders are driving AI memory demand as Samsung and SK Hynix secure exclusive HBM4 supply for Nvidia’s next-gen chips.
1. Meta’s Abilene AI Data Center Lease Talks
Meta Platforms is evaluating leasing a planned expansion next to Oracle’s Abilene, Texas AI data center from developer Crusoe. Nvidia has posted a $150 million deposit to facilitate discussions, highlighting Meta’s push to secure additional AI processing capacity.
2. Rising AI Memory Demand Fuels Tailwinds
Meta’s significant orders for AI hardware are driving robust demand for sixth-generation HBM4 memory. Samsung and SK Hynix won exclusive supply contracts for Nvidia’s next-generation AI chips, enabling both to command 20%–30% higher pricing than prior generations, underscoring elevated costs for AI infrastructure.