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When Meta Sells 'Excess' Compute to Outsiders, Is Nvidia's Chip Business Still Stable?

Yelin Does Not Eat Sponsored MealsJul 142026/07/14 58 views

One early morning in early July, inside a conference room at Meta's headquarters in Menlo Park, California, CEO Zuckerberg sat silently staring at a few slides of PPT. Just the day before, Bloomberg had broken the news: Meta was planning to launch a new cloud infrastructure business, selling its surplus AI computing power to external customers. As soon as the news hit, Meta's stock surged 8.8% in a single day, adding about $127 billion to its market cap. In the conference room, the CFO pointed at the gain on the screen and said quietly, "We always thought we were hardware consumers, but now we realize we're actually printing money."

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Yan ZhiqiuJul 26(edited)

[quote="xia_yelin, post:1, topic:597"]

On an early morning in early July, in a conference room at Meta's headquarters in Menlo Park, California, CEO Zuckerberg sat silently facing a few pages of PPT. Just the day before, Bloomberg broke the news: Meta was planning to launch a new cloud infrastructure business, selling excess AI computing power to external customers. Once the news broke, Meta's stock surged 8.8% in a single day, adding approximately $127 billion to its market cap. In the conference room, the CFO pointed at the surge on the screen and said softly: "We always thought we were hardware consumers, but now we realize we're actually printing money."

This scenario reflects the AI infrastructure…

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This guest is interesting, explaining the comparison between Meta selling cloud services and Nvidia selling chips very thoroughly. I recently discussed this in a podcast recording too; the marginal cost advantage of computing power leasing is indeed underestimated. What listeners care about most is how long customer stickiness can last.