SLB (NYSE:SLB) is launching a modular data center infrastructure facility in Canada to serve Meta as a modular partner, handling offsite assembly, installation and commissioning of components for Meta data centers. The move extends the energy services provider, with a market value of about $73.5 billion, beyond its oilfield focus into hyperscale digital infrastructure, drawing on its experience with large industrial projects. The article links the project to SLB's Data Center Solutions segment, which alongside Kelvion is targeted to generate US$4.5b to US$5.0b of data center revenue and US$700m to US$800m of adjusted EBITDA in 2028, and says reaching these goals depends on smooth integration and on hyperscale contracts ramping as planned. Key indicators to watch include how SLB reports this segment, particularly backlog tied to Meta and other hyperscalers, the margin impact of ramp-up costs, and progress toward the Canadian facility's planned opening in the first half of 2027.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
META
• NeutralMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/23/2026 | 642.26 |
| Change that session | -1.02% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Zacks Investment Ideas feature highlights: Meta Platforms, Bloom Energy and Western Digital
Zacks highlights Meta Platforms, Bloom Energy and Western Digital as AI-linked companies reporting this week. Meta's consensus advertising revenue is $61.9 billion, up 23.5% year over year, after ad impressions rose 14% and average price per ad rose 12%, while its 2026 capex guidance is $130-$145 billion. The article notes that Muse, Meta's personal AI agent launched in September, has more than two million daily users, while Meta's earnings are expected to fall roughly 19%. Bloom Energy's sales are expected to climb nearly 375% year over year, and Western Digital's earnings are expected to grow 130% on 48% higher sales.
- U.S. Power Demand Is Set to Jump 20% by 2030. Here's What It Means for Energy Stocks.
Rabobank research projects U.S. power consumption could climb 20% by 2030, after two decades of sluggish growth of around 0.5% a year. Drivers include AI hyperscalers, electrification such as electric vehicles, and reindustrialization of manufacturing. The article covers three groups that could benefit: regulated utilities such as Dominion Energy, Southern Company and American Electric Power; independent power producers such as Constellation, Vistra and Talen, which have long-term agreements with hyperscalers; and equipment makers such as GE Vernova, with a backlog of over $176 billion, and Bloom Energy. It also notes that Constellation and Vistra are down 30% and 22% over the past year.
- This hot AI-fueled stock has been in a rut. It just beat earnings expectations by 36%.
Bloom Energy, the fuel-cell maker that has benefited from data-center demand, beat earnings expectations by 36% and revenue expectations by 15%. Results like these would usually lift a stock after its report, but that did not happen for Bloom Energy.
- SLB: Oilfield-Services Giant or AI Stock? Earnings Offer a Clue.
- In the news today : four soldiers killed , Alberta referendum , AI privacy fears
Four soldiers were killed and 39 people were sent to hospital, 19 of them critically, after a grass fire fanned by strong winds swept through a training exercise at CFB Wainwright in Alberta. More than 1.3 million Albertans had already voted early in a historic referendum on whether to remain in Canada or hold a binding vote on leaving Confederation. Statistics Canada is set to release September inflation data, with a Reuters poll expecting a rise to 3.2% from 3% in August. In New Brunswick, a resident opposing a data centre project found an undisclosed proposal from a U.S. firm, while NB Power has 10 applications needing up to 900 megawatts. A Toronto man said Meta's AI agent shared his home address with a stranger without his approval.
- MLA de Jonge pushing for stronger Alberta within united Canada
Chestermere-Strathmore MLA Chantelle de Jonge, ahead of an Alberta referendum and amid AI backlash and US trade tensions, says the provincial government remains focused on responsible resource development, job creation and strengthening Alberta's economy within Canada. She said she ran on an Alberta First platform because of frustration with federal policies, but was not elected on a separatist mandate, and that Albertans should be able to voice their views through a democratic process. She cautioned against escalating the trade dispute, saying tariffs and counter-tariffs harm both Americans and Canadians, and urged diplomacy. On AI and data centres, which have prompted town halls in communities such as Langdon and Indus, she said Alberta is developing consistent province-wide standards so large data centres are built far from residential areas. She also noted ground was recently broken on the Dawson's Landing school in Chestermere with Rocky View Schools.
Related markets
Latest news
- This Dividend Winner Just Announced Its 676th Consecutive Monthly Dividend. Is It Worth a Look?
Realty Income (O) announced its 676th consecutive monthly dividend of $0.2715 per share, or $3.258 annualized. The REIT manages about 15,500 properties across all 50 U.S. states, the UK and eight other European countries, with top tenants Dollar General, Walgreens and 7-Eleven. It has raised its dividend for 31 consecutive years, qualifies as a Dividend Aristocrat®, and its yield stands at 5.95%. The stock is down almost 3% so far this year, versus a gain of more than 13% for the S&P 500, and has fallen about 7% over the past 52 weeks; as a REIT reliant on debt, it faces headwinds as the Federal Reserve begins a rate-hiking cycle. The author views it as a stock income investors should consider, noting it is cheaper than it has been in a while.
- Elon Musk Just Gave Fantastic News for Nvidia Investors
SpaceX (SPCX) reported revenue up 161% and net income of $4.4 billion, its first quarterly profit. Its AI business, now called SI (Super Intelligence), saw sales rise 835% year over year, driven by compute deals, the acquisition of coding company Cursor and enterprise adoption of the Grok model, and it posted $431 million in operating income. The company rents compute power from its Colossus I cluster, with agreements with Alphabet and Anthropic worth $920 million and $1.2 billion in monthly revenue, respectively. Musk said Colossus II will mainly use Nvidia's Vera Rubin infrastructure, requiring 440,000 Vera Rubin computers for optimal training. Musk thinks SpaceX could reach $500 billion to $1 trillion in Annual Recurring Revenue (ARR) by the end of 2027, while Nvidia CEO Jensen Huang forecast $1 trillion in sales through 2027 from Blackwell and Rubin, and Wall Street expects Nvidia sales of $692 billion next year, a 68% increase. The author views Musk's use of full Vera Rubin computer systems as good news for Nvidia.
- Could Buying XRP Today Set You Up for Life?
The article notes XRP rose from under $0.50 in 2024 to a $3.65 peak in July 2025 before giving back much of those gains, trading at $1.38 as of Oct. 21. Although Ripple was valued at $50 billion after a $750 million share buyback offer in March 2026, XRP is only a bridge currency in one of Ripple's payment products, and fewer than 10 of the over 300 financial institutions using Ripple are reported to use XRP. Spot XRP ETFs launched in November 2025 with about $1.6 billion in AUM, but XRP's price has declined for much of the past year, and the Clarity Act failed to pass the U.S. Senate. With a market cap of about $87 billion, XRP would need to reach about $8.7 trillion to become a 100-bagger, and the author is skeptical of it as a long-term investment, suggesting Ripple could be more interesting if it goes public. The author takes a cautious approach, noting XRP can move quickly both up and down.
- 3 Gold Stocks With Net Margins Over 34%
Gold's brief move above $5,000 earlier this year showed how quickly the metal can swing when fear and inflation worries rise. The article highlights three gold miners with tight cost control and clean balance sheets and notes the full Elite Gold Stocks screen covers 32 more. Newmont (NEM), a large global miner with a market cap of US$118.9b, mainly produces gold from long-life deposits, and its focus on operational stability, cost discipline and productivity gains at sites such as Lihir and Boddington is expected to lower operating costs and improve EBITDA margins. DRDGOLD (DRD), with a market cap of US$2.1b, recovers gold from surface mine tailings in South Africa, reporting ZAR 11,159 million of FY2026 revenue, a 38.1% net margin and 33.4% ROE. Investors would need to weigh whether its capital efficiency holds up under expansion funding pressure and shifts in non-cash earnings quality.
- The Nasdaq Just Had Its Worst Day in 4 Months. Here's the Level That Would Signal a Correction, and What History Says Investors Can Do About It.
The Nasdaq Composite fell 2.6% on Oct. 22 to close at 26,008.86, its largest drop since a 4.2% decline on June 5. A correction, a fall of at least 10% from the highs, would require a further 4.1% drop to below 24,950, which would mark the third correction this year. Corrections have been occurring more frequently, but recoveries have generally been quick, with the 2022 to early 2024 slump the main exception. The article attributes the choppier market to fast-spreading information, easy trading, and concentration in AI-linked mega-cap stocks that make up much of the S&P 500. It says holding quality companies, index funds, or ETFs is the simplest way to endure corrections, and suggests reviewing whether large positions are highly correlated.
- Oklo Is Down 61% This Year Despite a Real Technical Milestone. Here's the Disconnect Between the Stock and the Science.
Oklo stock has fallen more than 60% this year, and the VanEck Uranium and Nuclear ETF (NLR) has dropped 25%, as Wall Street has grown less confident about nuclear stocks. Oklo's AI power opportunity, once its main tailwind, has become a headwind as investors question whether spending on AI infrastructure will deliver big returns. The company has reached technical milestones, including first criticality of its Groves test reactor in Texas in August, NRC approval of principal design criteria for its Aurora powerhouse in May, and DOE approval of a preliminary safety analysis for a reactor in Idaho. However, Oklo remains unprofitable, is still burning cash, and lacks regulatory approval for Aurora, whose planned 2028 launch is not guaranteed given its history of delays. The author suggests a small speculative position may fit some investors, while less aggressive investors may prefer other growth stocks.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.