Did META Just Expose The First Crack In the AI CapEx Boom? ^60.5%

ZeroHedge - By Tyler Durden - 7/1/2026, 12:52 PM

Negativity Bias 21% - Appeal to Authority 16.3% - Pessimism Bias 15.6%

If you're wondering why the Nasdaq is suddenly tumbling this morning, wonder no more... Nasdaq moves lower after Meta announces it is to build a cloud business to sell its excess AI compute, weighing on cloud peers like AMZN, ORCL, MSFT and chip and memory names like NVDA, MU, INTO. As Bloomberg reports: Meta, which has been rushing to... more