$META is in a perfect negotiating position and must leverage it. On one hand, there is a compute shortage, and $META can now sell some of its enormous compute fleet to outside customers that it doesn't need right now, since it doesn't have that much inference demand. Given today's compute prices, they could earn +$10-$30B if they sell under 0.5GW of compute. On the other end, $META is also in a great position to negotiate with $NVDA, as they are one of the biggest clients of $NVDA, and with $NVDA giving financial incentives and backstops to their other buyers (like Neoclouds, etc.) and $META having the possibility of $GOOGL TPUs, $AMZN Tranium, $AMD, they can leverage that for either better prices from $NVDA or for $NVDA to take on a piece of the risk for continued data center buildout. Can't imagine Zuck not reading the room and not leveraging this unique position soon.