[MARKET UPDATE] Nasdaq moves lower after Meta announces it is to build a cloud business to sell its excess AI compute, weighing on cloud peers like AMZN, ORCL, MSFT and chip and memory names like NVDA, MU, INTC

Newsquawk StaffPublished 1 Jul 2026, 12:58 UTCOn the live feed at 12:38 UTC — 5 more headlines followed before this page went public

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12:48

Daily US Equity Opening News - META plans to build cloud business to sell excess AI compute; NKE falls on demand view

12:39

Nissan (7201 JT) CEO says car development time has been cut by 40% to 30 months

12:38

[MARKET UPDATE] Nasdaq moves lower after Meta announces it is to build a cloud business to sell its excess AI compute, weighing on cloud peers like AMZN, ORCL, MSFT and chip and memory names like NVDA, MU, INTC

12:37

US President Trump says we're building a lot of car plants and AI sites in the US; we could have 50% of chip market by time I leave office

12:34

Meta (META) is reportedly building a cloud business to sell excess AI compute, according to sources

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