Meta's shares rose 8% following news that the company is launching a new cloud business to sell its excess computing power to external customers. This move aims to help Meta recover some of the massive investments it has made in AI infrastructure, which includes a planned $145 billion capital expenditure this year. The new cloud service could generate revenue from unused capacity and position Meta in the competitive cloud market alongside giants like Amazon, Microsoft, and Google. This strategy also reflects Meta's ongoing efforts to strengthen its AI capabilities amid industry competition.
After soaring in the second quarter with a combined $2 trillion gain, major semiconductor stocks including Micron, Intel, and AMD fell sharply at the start of Q3, with Micron dropping 11%, Intel 9%, and AMD 7%. The sell-off followed fears that AI inf...
Meta Platforms is expanding its cloud computing with a $27 billion AI investment framework, indicating over $100 billion in annual AI capital expenditure. This expansion supports ongoing GPU overbuild and persistent AI compute scarcity globally. Nebi...
Meta Platforms is developing a cloud business to monetize its excess AI computing capacity, potentially boosting near-term revenue by offering AI model access or raw compute power. Nike reported strong Q4 profits and sales but faces ongoing challenge...
Meta Platforms is exploring building a cloud business to sell its surplus AI computing capacity, potentially reducing its heavy reliance on advertising revenue. This move would position Meta against established cloud giants like Amazon, Microsoft, an...
The projected 27% earnings growth for the S&P 500 is largely illusory, as it stems from internal money transfers, inflation, and debt-financed investments rather than genuine profit expansion. Inflation alone may contribute 4%–5% of this growth, with...
