Weekly Tech Talk: Meta News Blitz and Frontier Model Race to Ease DC Capex Fears; +VE Investor Sentiment Building for CLS, FN, LITE

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Weekly Tech Talk: Meta News Blitz and Frontier Model Race to Ease DC Capex Fears; +VE Investor Sentiment Building for CLS, FN, LITE

J P M O R G A N North America Equity Research

13 July 2026

Hardware & Networking

Weekly Tech Talk: Meta News Blitz and Frontier Model

Race to Ease DC Capex Fears; +VE Investor Sentiment

Building for CLS, FN, LITE

Key Themes Emerging from the Week (July 6-10) IT Hardware/ Telecom & Networking

Equipment

Plethora of announcements from Meta to ease data center capex fears. Over AC Joseph Cardoso

the course of the past week, Meta dominated the headlines with several key

(1-212) 622-9036

announcements: 1) Entry into the frontier model race with Muse Spark 1.1 (see joseph.cardoso@jpmchase.com

blog here); 2) confirmed plans to explore a cloud business, while denying Manmohanpreet Singh

speculation of overbuilt compute capacity (see press report here); and 3) reported (1-212) 622-4527

plans to double its computing power to 14 GW in 2027 (see press report here), manmohanpreet.singh@jpmchase.com

along with a new 1 GW data center to be built in Canada (see press report here). Marc Vitenzon

In our view, this flurry of announcements from Meta confirms our expectation that (1-212) 622-3342

the recent concerns related to overbuilt compute capacity was more knee-jerk in marc.vitenzon@jpmchase.com

nature (see report here), with the string of disclosures this week continuing to point Akanksh Chauhan

toward a solid pace of data center investments from the company. (1-212) 622-0045

akanksh.chauhan@jpmorgan.com

J.P. Morgan Securities LLC

Frontier model race is back! This week saw frontier-level model releases from

Open AI, Meta, and SpaceX, with Google's next frontier model possibly launching

later this month as well.