Despite a severe market crash on Thursday, Facebook-parent MetaplatformsThe capital expenditure spree (META) to build the “metaverse” could provide an advantage for manufacturers of products embedded in cloud data centers. While the Meta shares were devastated, the Arista Networks (ANET), chip maker nvidia (NVDA) and hundred (HUNDRED) rose more.

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Reporting its third-quarter earnings, Meta said capital expenditures of $9.4 billion were up 117% year over year. That beat analyst estimates of $8 billion.

Additionally, the aspiring “Metaverse” creator forecast fiscal 2023 capital expenditures in a range of $34 billion to $39 billion. That’s an increase from an expected $32 billion to $33 billion this year. Analysts had projected Meta capex of $28.7 billion in 2023.

Social media giant Meta reported…