MIDDAY: Meta rips on a surprise cloud pivot 🚀
Meta is launching a cloud business to rent out its spare AI compute. Basically AWS for the GPUs everyone said it overspent on. 💰
Meanwhile the chip names that sold Meta those GPUs got dumped, Micron, Nvidia and Broadcom all red as H1 winners took profit. 📉
Up around 10%. Money's rotating out of the shovels and into whoever can actually monetize the AI.
