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Meta Signs $27B Deal with Nebius, Peloton Enters the Gym Business
Published 4 weeks, 2 days ago
Description
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 overtakes UPS in market value for the first time ever