META is reportedly in talks to rent computing capacity to Anthropic in a deal valued at up to $10 billion over two years, signaling the company's entry into the "neocloud" market. While the stock faced initial pressure due to increased capital expenditure and potential impacts on free cash flow from building its cloud division, the news of the Anthropic partnership has caused a slight price reversal. The author notes that while semiconductor assets (semis) should benefit from this increased compute spending, they have been weighed down by Kimi K3 headlines.