Core Insights - The company’s stock rose 3% following updates on its AI business and confirmation of a cloud deal with Meta, with shares up approximately 10% from their post-earnings peak last month [1] - The company revealed that gross margins for its cloud infrastructure business are expected to be between 30% and 40%, with projected revenue reaching $166 billion by 2030, compared to $10 billion last year [1] - The founder and chairman highlighted that the company manages all aspects of its cloud services, contrasting its approach with competitors like Amazon, Microsoft, and Google [2][4] Financial Performance - The stock has increased over 80% year-to-date, indicating strong market performance [2] - The CFO indicated potential for larger-scale opportunities in the next 12 months, suggesting a positive outlook for future growth [2][3] Market Position - The company provided clarity on its margins, which reassured investors amid discussions about the stock's significant rise [4] - Continuous capital expenditure is necessary to acquire high-performance GPUs, essential for maintaining competitive advantage [5]