GoKawiilWells Fargo cuts Meta cloud-resale forecast by $5B, citing Muse AI demand
Wells Fargo removed 500 megawatts of expected capacity resales from its 2027 estimates for Meta, roughly $5 billion in revenue, saying the company will likely need that computing power for its Muse AI agent instead. The firm raised its price target on Meta to $1,000 from $796, implying about 35% upside from Monday's close.