New York, February 28, 2026, 10:35 EST — Market closed
- Meta ended Friday’s session at $648.18, slipping 1.34%.
- Meta has reportedly signed a multi-year deal worth billions to rent AI chips from Google.
- March 4 is up next for investors, as eyes turn to Washington and the conference circuit.
Meta Platforms slipped 1.34% Friday to close at $648.18, with investors still focused on the looming price tag of the company’s upcoming artificial intelligence expansion. Wall Street reopens Monday. 1
Meta has inked a multi-billion-dollar deal with Alphabet’s Google to lease the tech giant’s Tensor Processing Units—chips Google builds itself—in a move aimed at training new AI models, The Information reported. Unlike Nvidia’s widely used GPUs, Google’s TPUs offer a homegrown alternative for handling AI workloads. 2
Investors keep zeroing in on spending, particularly with chip stocks bouncing around. “The competitive picture is also shifting as companies like Meta diversify toward AMD,” said Jacob Bourne, analyst at eMarketer. 3
Friday wasn’t favorable for the broader tape. The S&P 500 slipped 0.4%, while the Nasdaq lost 0.9%. Investors were weighing a fresh inflation read and debating the winners and losers shaping up in the AI investment cycle. 4
Regulatory pressure isn’t going away. An adviser to Europe’s highest court sided with EU authorities in their spat with Meta, which has resisted handing over documents for antitrust probes. The opinion isn’t final, but it does shape expectations ahead of a decision expected in the next few months. 5
A federal judge in the U.S. has halted Virginia’s attempt to enforce a law limiting under-16 social media use to just an hour daily and mandating age verification. NetChoice, a tech industry group that counts Meta among its members, challenged the measure in court. 6
Filings on this day revealed insider moves as well. Meta’s CFO Susan Li sold off 55,702 Class A shares on Feb. 24, doing so via a trust and under a Rule 10b5-1 plan, according to an SEC Form 4 submitted Feb. 26. The pre-arranged sale is detailed 10 .
Instagram plans to start notifying parents when teens repeatedly look up suicide or self-harm terms within a brief window, the company said, with the feature rolling out next week across the United States, Britain, Australia, and Canada. “These alerts build on our existing work to help protect teens,” Instagram said. 7
Washington steps in next week. The White House plans to gather major data center and AI firms — Meta among them — on March 4, where it aims to lock in a “Rate Payer Protection Pledge” designed to keep surging data center power use from pushing up household electricity bills. Meta had no comment, a spokesperson said. 8
Meta’s investor calendar now shows a March 4 entry for the Morgan Stanley Technology, Media & Telecom Conference, and there’s a webcast link up on its investor relations page. 9
Still, things can shift quickly. Sentiment takes a hit on any whiff of rising power costs, chip shortages, or tougher regulators—even if ad demand stays strong. The AI buildout doesn’t get much margin for error.
Investors come Monday will be tracking any ripple from the Google TPU report, while also looking out for signals on how Meta intends to finance its upcoming infrastructure push. The next key date: Wednesday, March 4.
