WS #11199
Meta building a cloud business to sell excess AI capacity threatens neocloud providers and triggers a rotation out of tech into value, with the Dow hitting a record while Nasdaq falls. Apple is in negotiations to buy RAM from blacklisted Chinese chipmakers CXMT and YMTC, lobbying Washington for clearance amid a global memory shortage that has forced price increases. SoftBank reopens talks for a $10B margin loan backed by its OpenAI stake, now offering a corporate guarantee, with Goldman, JPMorgan, and Mizuho expected to participate.
Tech Rotation / Meta Cloud Threat
Meta building a cloud business to sell excess AI capacity threatens neocloud providers and triggers a rotation out of tech into value, with the Dow hitting a record while Nasdaq falls.
Apple is in negotiations to buy RAM from blacklisted Chinese chipmakers CXMT and YMTC, lobbying Washington for clearance amid a global memory shortage that has forced price increases.
SoftBank reopens talks for a $10B margin loan backed by its OpenAI stake, now offering a corporate guarantee, with Goldman, JPMorgan, and Mizuho expected to participate.