Meta Signs $27B Deal with Nebius, Peloton Enters the Gym Business

The Rundown · Mar 16, 2026 · 9m

Market update for Monday March 16, 2026

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In today’s episode:

• Meta signs a massive $27B AI infrastructure deal with Nebius as the company reportedly considers layoffs and delays its next AI model

• Peloton launches new commercial bikes and treadmills for gyms in an attempt to revive growth

• Market movers: Micron jumps on AI memory expansion while Public Storage falls after a $10.5B acquisition deal

• Fun Fact: FedEx…