Meta is upsetting the AI apple cart say that they are building a cloud business to sell excess AI compute.
The announcement with the word “excess” has shares of AI companies moving lower:
Nvidia trading lower by $3.54 or -1.77%.Micron is trading down $71 or -6.3%Marvell technologies are trading down -4.16%Broadcom shares are trading down -1.66%AMD shares are trading down -3.45%Sandisk shares are trading down -7.43%
Meanwhile, Mata shares are trading higher by $36 or 6.36%.
Up next, the EU Forum on central Banking
This article was written by Greg Michalowski at investinglive.com.