Stephen Carroll

Shares of Meta are also down in this Friday session.

And honestly, they're having a bit of a tough week on track for the biggest drop since October.

The social media giant is set to fund the construction of seven new natural gas-fired energy plants to fuel its Hyperion data center, which is in Louisiana.

The project is expected to deliver 5.2 gigawatts of electricity, which is a lot.

Bloomberg's Riley Griffin joins us on set.

This is a big project.

So, you know, you kind of talk about seven natural gas-fired sources of energy for a specific project.

But give us the sum total of the reporting and a bit more about Hyperion.

There isn't any sort of dollar figure attached to this.

It's the gigawatt figure.

And over the course of the war in Iran in particular, we've been very focused on the movement in oil prices.

But actually, natural gas is much more relevant to how a data center is powered.

Explain Meta's footprint here, I guess, relative to the other big data center operators around the world.

There's an interesting part of your reporting about Hyperion Louisiana in particular, which is Meta saying, look, we're going to cover the cost of the electricity one way or the other.

One reason being they don't want to pass it on to the general population of that zip code.

That's been a tension in the great AI build out.

Bloomberg's Riley Griffin, thank you very much.

Wall Street's under pressure with the tech-heavy Nasdaq 100 slipping into correction territory.

We talked about that at the top of the show.

Rising oil prices, renewed inflation concerns tied to escalating tensions in Iran are weighing heavily on the sector.