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Chip Stocks Back! as Meta Passes Around the Funding Hat
Chip stocks bounced again overnight, with the SOX up 3.6%, the Nasdaq up 1.2% and the S&P 500 up 0.6%, while Meta went looking for more funding for its AI build-out. Mark Gardner and Jonathan Tacadena cover the hyperscaler free cash flow divide, why CoreWeave and Firmus have faded from the headlines, SpaceX's compute ambitions, and where the ASX miners sit ahead of the Fed, Microsoft and Google earnings, and Australian CPI.
In this episode:
• Meta's funding raise was upsized from US$90B to US$97.5B, with NVIDIA, AMD and Qualcomm reportedly taking part.
• Hyperscaler performance this year…
The skinny
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