WS #11187
Meta plans cloud computing business to monetize AI data centers, stock surges 10%; Together AI raises $800M at $8.3B valuation; Abu Dhabi's MGX closes $49B AI fund. Semiconductor stocks (Micron, Sandisk, Nvidia) fall as investors take profits after record H1; Nvidia server rack prices shifting weekly, creating budgeting challenges for cloud providers.
Meta Cloud Business and AI Infrastructure
Meta plans cloud computing business to monetize AI data centers, stock surges 10%; Together AI raises $800M at $8.3B valuation; Abu Dhabi's MGX closes $49B AI fund.
Semiconductor stocks (Micron, Sandisk, Nvidia) fall as investors take profits after record H1; Nvidia server rack prices shifting weekly, creating budgeting challenges for cloud providers.