Meta to lease 168-megawatt Reliance AI data center in India as 2026 capex target rises to $125 billion-$145 billion

Meta said it will lease a 168-megawatt AI data center that Reliance is building in Jamnagar, India, with delivery expected within two years, a move tied to its 2026 capital-expenditure plan of $125 billion-$145 billion. The company is positioning the capacity to speed deployment of AI inference infrastructure needed to run AI agents at scale. The article also said Meta’s valuation sits below its 10-year average, while analysts rate the stock a “Strong Buy” and see an average price target implying 46% upside from current levels.