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The biggest bearish news tonight: Meta is building a cloud business and selling excess AI computing power.
Meta is developing a cloud infrastructure business plan, aiming to sell AI computing power and model usage rights, thus competing with industry leaders such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud.
There are two details worth examining:
1️⃣ Excess computing power
Has it been over-invested? Has AI demand slowed? Is there an oversupply of computing power?
2️⃣ Capex introduces another variable
Increasing capex is bad for META, but this revenue-generating move is bad for the entire AI ecosystem. Is it time to start cutting expenses?
The market's decline and Meta's rebound—if the market rewards companies that increase revenue and reduce expenses, will the investment wave stagnate?