2026-07-06 05:03 UTC · QUOTES VIA STOOQ
NVDA -1.39% · C -0.11% · SNOW -0.40% · ADBE +4.14% · GOOG -0.48% · MSFT +1.62% · AMD -4.26% · PLTR +2.84%
Zuckerberg's plan to sell excess AI capacity sent shares surging, but BofA's 'snapback' warning and neocloud fears rewired the tape.
A Bloomberg report on Meta's planned cloud unit lifted META shares nearly 9% Wednesday, while a BofA bubble-risk print of 0.91 on semiconductors triggered a sharp software-over-hardware rotation.
Zuckerberg's move to sell excess AI capacity puts META against AWS, Azure, and Google Cloud — and against its own $21B CoreWeave tenant.
Bloomberg's July 1 scoop that Meta will sell surplus AI compute and hosted Muse Spark models sent neoclouds tumbling and lifted a stock down 15% YTD.
MU rivals AWS Bedrock with hosted-model access; CoreWeave and Nebius sink ~12% as a key customer becomes a competitor.