Meta Rallies on Report of New AI Cloud Computing Business
Meta shares jumped after a report said the company is developing a cloud business that will sell AI models and excess computing capacity to external customers.
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Meta shares jumped after a report said the company is developing a cloud business that will sell AI models and excess computing capacity to external customers.
Michael Burry criticized the financing structure behind Nvidia GPU purchases used by xAI, arguing that complex off-balance-sheet arrangements obscure risk while shifting exposure to investors through private credit markets.
Nvidia invests $2 billion in CoreWeave, reinforcing its push into AI-focused cloud infrastructure.