WS #12286
Meta in talks to lease computing power to Anthropic in potential $10B deal, per NYT, highlighting AI computing scarcity and a new revenue stream for Meta. IBM plunges 25% after CEO admits falling behind in AI spending shift; Netflix falls ~10% on weak Q3 guidance, extending the tech selloff. Apple briefly overtakes Nvidia as world's most valuable company, supported by HSBC upgrade, highlighting divergence within Mag7.
Meta-Anthropic $10B AI Computing Deal
Meta in talks to lease computing power to Anthropic in potential $10B deal, per NYT, highlighting AI computing scarcity and a new revenue stream for Meta.
IBM plunges 25% after CEO admits falling behind in AI spending shift; Netflix falls ~10% on weak Q3 guidance, extending the tech selloff.
Apple briefly overtakes Nvidia as world's most valuable company, supported by HSBC upgrade, highlighting divergence within Mag7.