US computing power rental providers Nebius and CoreWeave turned positive in pre-market trading, shaking off the shadow of Meta's plan to build its own cloud business.
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Nebius and CoreWeave, computing power rental providers, fell more than 9% in pre-market trading.
Mars Finance reports that computing power leasing providers Nebius and CoreWeave fell more than 9% in pre-market trading. This is in related news, as Meta is building a cloud business to sell its excess AI computing power. (Cailian Press)
Shares of US-listed computing power rental service providers rose in pre-market trading, with Oracle and CoreWeave gaining nearly 3%.
Mars Finance reported on July 6th that US-listed computing power rental service providers rose in pre-market trading, with Oracle and CoreWeave up nearly 3%, Nebius up nearly 4%, and Google and Microsoft following suit. (KeGuBao Broadcast)
NVIDIA launches "AI Computing Partner Program": Offering computing power in exchange for revenue sharing and equity with cloud providers.
According to BlockBeats, on July 2nd, Nvidia is advancing a new project called the "AI Compute Partnership." Cloud service providers Firmus and Sharon AI, who are participating in the project, revealed that Nvidia has committed to providing these startup cloud service providers with a guarantee of computing power capacity: if the GPUs they purchase cannot be leased out, Nvidia will fund the leaseback of these idle computing power. In return, Nvidia will take a share of the startup cloud service providers' revenue (the share decreasing gradually with the contract term) or provide them with stock options. Because data center construction and GPU procurement are extremely costly, startup cloud providers with lower credit ratings often struggle to obtain financing. Nvidia's capacity swap guarantee essentially provides them with crucial credit backing, helping them secure loans. Currently, giants such as Amazon, Microsoft, SpaceX, Oracle, Meta, and Google purchase most of Nvidia's chips, but these giants are also developing their own chips. Nvidia hopes to reduce its dependence on large customers by supporting startup cloud providers. Back in September 2025, Nvidia pledged to underwrite $6.3 billion worth of unsold computing power for CoreWeave until 2032. Furthermore, Nvidia is currently in talks to provide similar financial guarantees for OpenAI's planned $500 billion mega-data center.
NVIDIA launches new AI infrastructure partnership model, sharing revenue with AI cloud providers to boost computing power.
According to ChainCatcher, NVIDIA announced a new AI infrastructure partnership model on July 1st (local time). This model, based on revenue sharing and credit support, will collaborate with AI cloud service providers to build large-scale, multi-tenant AI factories. This will help startups, model developers, enterprises, and research institutions access AI computing power more quickly, while generating continuous revenue for NVIDIA based on computing power usage. Under the plan, AI cloud providers will deploy AI factories based on NVIDIA's DSX AI Factory architecture, providing cloud computing services. Initial partners include Sharon AI and Firmus. Sharon AI plans to deploy up to 40,000 NVIDIA Grace Blackwell GB300 GPUs; Firmus will build a DSX AI factory campus in Batam, Indonesia, with a planned power capacity of 360 megawatts and a deployment of up to 170,000 NVIDIA GPUs.
CITIC Securities: Significant fluctuations will not alter the AI supercycle; emphasize the importance of domestic computing power as a "Plan B".
According to Mars Finance, CITIC Securities points out that news of Meta's plan to lease out some of its computing power has once again triggered market concerns about computing power oversupply. This, coupled with concerns about cloud vendors' cash flow pressures, the continued rise in upstream prices, the slowdown in Capex growth, and overcrowding in AI transactions in recent months, is the main reason for the significant volatility in tech stocks. In the short term, Meta's move is primarily aimed at revitalizing its existing, outdated computing power assets. Considering its continued development of advanced models and investment in next-generation computing hardware, leasing out computing power is not contradictory to further increasing its investment in computing power. Furthermore, since computing power rental fees have continued to rise recently, concerns about computing power oversupply are unfounded. This round of tech stock adjustments is more of a deleveraging and rebalancing process in the recent global liquidity tightening environment, rather than a reversal of the AI industry trend. For the medium to long term, it is crucial to pay close attention to whether the next few months will see a similar breakthrough in AI capabilities as seen with OpenClaw and Coding Agent at the beginning of the year. In addition, it has been observed that after overseas AI assets entered a phase of high crowding, high correlation, and high volatility, international funds are beginning to seek differentiated sources of return. Domestic computing power with differentiated value, dubbed "Plan B," remains resilient and is expected to attract foreign investment. With the earnings season approaching, we recommend focusing on sub-sectors with high earnings certainty and reasonable valuations: In terms of growth prospects, we recommend domestic FAB (Featured Adhesives and Materials) and equipment sectors with positive narratives, as well as the optical communication sector with relatively low valuations; in the price increase chain, segments with high AI exposure and those that have already experienced price increases have a higher probability of realizing their earnings gains, such as memory and upstream PCB industries. (Cailian Press)
SemiAnalysis' latest report: Meta computing power procurement will accelerate, and capital expenditure may increase significantly next year.
According to Mars Finance, a recent report by semiconductor research firm SemiAnalysis emphasizes that computing power demand is far from peaking. The report points out that Meta's computing power construction will continue, predicting its capital expenditure next year will be astonishingly high, and the market need not worry about it cannibalizing the market share of new cloud competitors. SemiAnalysis analysis indicates that Meta's data center and computing procurement will accelerate, not slow down, and that Meta will become a significant source of revenue growth for new cloud companies such as CoreWeave and Nebius. (Cailian Press)