Meta enters cloud computing sales; markets await US jobs report
Meta announced plans to sell computing power to other companies, raising concerns about a glut of AI infrastructure capacity and dampening a near-parabolic rally in chipmaker stocks. Markets are also focused on the US jobs report due at the end of a holiday-shortened week, which will provide fresh clues on the interest-rate path. Fed Chair Kevin Warsh on Wednesday dampened speculation of a rate hike this year.
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