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Topic: nebius

Rows of servers in a data center
Markets
Wednesday, 7/1, 10:44 PM

Meta Jumps as It Plans to Sell Its Spare AI Computing Power

  • Meta shares rose about 8% after Bloomberg reported the company is building a cloud business to rent out its surplus AI computing capacity.
  • The move cheered investors worried about Meta's enormous AI spending — and hammered the specialist 'neocloud' providers CoreWeave, Nebius and IREN, whose shares fell roughly 15%.

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