WS #11206
Meta plans to launch a cloud-computing business selling excess AI computing capacity, driving an 8.8% stock surge and providing a bullish counter to the tech selloff. Chip stocks fell sharply with the semiconductor index down 6.3%, as KLAC, AMAT, MU, and others dropped 7-11%, extending the AI infrastructure rotation.
Meta Cloud Business Launch
Meta plans to launch a cloud-computing business selling excess AI computing capacity, driving an 8.8% stock surge and providing a bullish counter to the tech selloff.
Chip stocks fell sharply with the semiconductor index down 6.3%, as KLAC, AMAT, MU, and others dropped 7-11%, extending the AI infrastructure rotation.