WS #11183
Meta is building out a new cloud business to sell excess AI computing power, sending shares up 11% and signaling a new revenue stream. Guggenheim upgraded Salesforce and ServiceNow to Buy on valuation, lifting the entire SaaS complex as AI disruption fears are seen as overblown. New Fed Chair Kevin Warsh emphasized independence and focus on inflation, signaling rate cuts are unlikely and a potential rate hike in September.
Meta Cloud Business Expansion
Meta is building out a new cloud business to sell excess AI computing power, sending shares up 11% and signaling a new revenue stream.
Guggenheim upgraded Salesforce and ServiceNow to Buy on valuation, lifting the entire SaaS complex as AI disruption fears are seen as overblown.
New Fed Chair Kevin Warsh emphasized independence and focus on inflation, signaling rate cuts are unlikely and a potential rate hike in September.