Ed Elson is joined by Ed Zitron to break down Meta’s move to sell its excess AI capacity and why it’s a bad sign for the AI bubble. Then, Melissa Murray joins the show to discuss the Supreme Court’s latest decisions and what they mean for the future of the country. Finally, Ed gives his take on Trump’s personal financial disclosures. Ed Zitron is the author of the Where’s Your Ed At Newsletter, and the Better Offline Podcast. Melissa Murray is a professor at NYU Law and co-host of the Strict Scrutiny Podcast. Subscribe to the Prof G Markets Youtube Channel Check out our latest Prof G Markets newsletter Follow Prof G Markets on Instagram Follow Ed on Instagram, X and Substack Follow Scott on Instagram Send us your questions or comments by emailing Markets@profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

The AI Trade Just Got A Warning From Meta

Prof G Markets

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[SPEAKER_02] Welcome to Prof G Markets. I'm Ed Elson. It is July 2nd. Let's check in on yesterday's market vitals. The Dow was roughly flat to start the third quarter. Meanwhile, chip stocks dragged the Nasdaq and the S&P 500 into the red. Brent crude dropped as the U.S. signaled talks with Iran were productive. And the yield on 10-year treasuries rose after Fed Chair Walsh said inflation was, quote, too high. Okay, what else is happening?

[SPEAKER_02] The cloud computing industry has just gained an unexpected new arrival. Meta is reportedly planning a cloud business to sell its excess AI capacity. The company has poured billions into its AI infrastructure.

The AI Trade Just Got A Warning From Meta

Read the full transcript

The candid version is on a podcast,
not the earnings call.

The AI Trade Just Got A Warning From Meta

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.