Meta’s plan to lease surplus data center capacity sent AI compute stocks lower worldwide, while its own shares climbed nearly 9%.

Key Points:

• Meta is building Meta Compute, a business that will rent idle data center capacity to outside clients.
• Chipmakers and GPU cloud providers sold off after investors read the plan as a warning on AI compute supply.
• The pressure spread from Wall Street to Asia, where major memory stocks fell sharply.

Meta Compute

Meta’s proposed business, called Meta Compute, would lease unused computing capacity from its data centers to outside customers.

The plan mirrors a model used by SpaceX, which has rented spare capacity to companies including Anthropic. Meta’s shares moved above $600 after the…