Mizuho believes that Meta could become Cerebras's third major CSP customer in the second half of 2026, following the launch of the CS-4 system and the Nexus architecture.
Potential $200B penalties could reshape platforms.
Meta posts $60.8B revenue (+28%) beating estimates, yet EPS $6.18 misses as free cash flow plunges to $784M on heavy AI spending.
The move could create a new revenue stream for Meta while helping Anthropic reduce reliance on its existing SpaceX contract.
Bank of America calls Meta’s custom AI chip progress and faster, cheaper 14GW infrastructure buildout a “big positive.” Iris production starts September 2026.
Tencent teams up with early investors to buy back AI startup Manus from Meta at $2B valuation.
