Shares of CoreWeave tumbled roughly 14% after a Bloomberg report revealed Meta Platforms is developing plans to sell its excess AI computing capacity to outside customers — a direct threat to CoreWeave's core business. Meta holds a $21B contracted agreement with CRWV, and if hyperscalers start competing for cloud AI customers, the whole neocloud trade gets questioned. Peers Nebius $NBIS and IREN got hit hard too. Not financial advice. Do you think this Meta move permanently breaks the CoreWeave bull thesis?
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