Meta Platforms Inc.

(NASDAQ:META) shares are trending Thursday as the company made headlines on two fronts — breaking ground on its first Canadian data center and launching Muse Image, its first image generation model from Meta Superintelligence Labs.

Meta Platforms stock is trading near recent lows.

What should traders watch with META?

Breaking Ground in Canada Meta announced it is breaking ground on a new 1 gigawatt, AI-optimized data center in Sturgeon County, Alberta — its first data center in Canada and 33rd in its global fleet.