$145B Cloud War: Meta's Move That Wiped $12B in One Day
On July 1, 2026, Bloomberg reported that Meta is building a cloud business to sell excess AI computing capacity. Meta stock surged 8.8% — adding $125 billion in market cap in a single session. CoreWeave fell 14%. Nebius fell 17%. The neocloud thesis — that GPU scarcity justifies premium pricing and sky-high valuations — took a direct hit from the company that was supposed to be the biggest buyer. Here's what it means for enterprise AI infrastructure strategy, and two frameworks for evaluating your exposure.
July 3, 2026