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Following reports of Meta's compute sales plan, Meta stock surged 8.8% in its best single-day performance in six months. Conversely, neo-cloud competitors Coreweave and Nebus fell 14% and 17% respectively.
AI infrastructure demand continues to outpace supply, driving massive revenue growth for specialized cloud providers. CoreWeave reported a $104 billion backlog, while Nebius beat quarterly earnings expectations by 83% and saw its stock surge.
Yuchen Jin stated SpaceX has become the world's largest neo-cloud provider, controlling 550,000 GPUs. This massive inventory represents more than double the GPU capacity of dedicated cloud competitor Coreweave.
Nvidia introduced a new business model to support emerging AI companies by guaranteeing demand for unused GPUs in Neoclouds. Nvidia will rent back unutilized capacity at a guaranteed rate in exchange for a revenue cut, expanding on prior deals with Coreweave and Lambda.
Dylan Patel notes capital and power constrain U.S. AI infrastructure buildouts, with hyperscalers having chips but lacking data center capacity, while companies like CoreWeave and Oracle convert crypto mining sites for speed.
TeraWolf signed a 20-year lease with Anthropic for an AI data campus, expected to generate roughly $19 billion in revenue, while Galaxy Digital completed power delivery to CoreWeave for AI compute.
He notes Core Scientific has 590 megawatts of critical capacity leased to CoreWeave and has begun delivering.