Bloomberg Intelligence Meta to Spend Tens of Billions of Dollars on AMD Gear, Buy Stock
Feb 24, 2026
Drew Reading, a U.S. homebuilding analyst, and Michael Shah, a pharma-biotech analyst, join Geetha Ranganathan, a media analyst, and Ed Ludlow, a tech reporter. They cover Meta’s multibillion-dollar AMD AI infrastructure deal and its data-center scale. They discuss Warner Bros. Discovery takeover interest and Paramount’s raised bid. They also review Novo Nordisk’s planned list-price cuts and Home Depot’s recent sales beat.
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Gigawatts Reveal AI's Hidden Energy Constraint
- Power is the practical constraint for AI scale: data centers are measured in gigawatts because computation, cooling, and heat dissipation drive huge electricity demand.
- Ed Ludlow warns Meta plans tens then hundreds of gigawatts, tying AI growth to grid and energy infrastructure concerns.
Wait For The Board Response Before Judging Bids
- Warner Bros. Discovery shareholders are awaiting Paramount Skydance's revised offer above the prior $30 tender, and the board will evaluate any new bid.
- Geetha Ranganathan emphasizes lack of disclosed dollar details and that shareholders still await a best-and-final number.
Netflix Sees WBD Deal As Nice To Have Not Essential
- Netflix shareholders view the Warner Bros. deal as a distraction; underlying business metrics (subscriber growth, pricing power, ad revenue) remain strong.
- Geetha warns the current offer values WBD at about 25x EBITDA and overpaying risks shareholder backlash.