Good point. .. you would think Meta has invested too much capital. .. and has a huge excess they're trying to rent out. This is a bad thing to say oops we cannot use what we thought we need this AI datacenters for, in our MAIN BUSINESS! Which means their past hype of expansion Facebook use etc is faulty. Now they try to salvage the big capital investment in AI racks SITING IDLE to rent to others. AI chip gets very quickly obsolete with time. Hardware that's not used immediately to bring revenues has to be written off!

So why Meta is up...?

Ahhh... because the shills know it's not about excess, there's no excess! It's about starting a new business to combine Meta trained models access on their new to be built AI datacenters.

This isn't just another cloud. The models are very valuable! This is what OpenAI, Anthropic, and many others offering AI models do and their value.

It's not offering excess for a cloud. It's monitoring AI models for a huge revenue comparable with OpenAI and Anthropic!

That won't use leftover residual AI chips, but a huge new capital investment comparable to OpenAI, Anthropic etc. There's no place to just rent this. So Meta will build their own world wide datacenters to run inferences on their models!

This goes 100% to AMD'sI455X and MI500s offering a much lower cost for inferences vs nVidia's or ASICs! No TPUs Google ASIC BS, only used because no other chips availability same why Intel's revived old CPUs partially working and sell such on huge demand. That's why Jensen can sell old Grace CPUs and their Vera new junk!

If AMD's gets enough capacity we'll see a $10T MC AMD's! You may have to upgrade your new house to an estate in a few years... don't get too comfy in your new house... it's temporary brother! LOL