I still can’t believe $META news tanked the entire neocloud sector. Then once the sector sold off, they doubled its compute target from 7GW to 14GW, expanded its Louisiana data center from $10B to $50B+, put its own AI chip into production, and locked in multi-year memory supply deals. The “excess compute” was never a demand problem. It was a company with so much demand for its capacity that renting it out prints money.
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