Meta Platforms (NASDAQ:META | META Price Prediction | META Price Prediction) is the AI story hiding in plain sight.
Meta Platforms' WhatsApp usernames aim to boost privacy by letting users connect without sharing phone numbers, reinforcing its secure messaging push.
Jefferies Senior Internet Analyst Brent Thill recently appeared on a CNBC Squawk Box segment to argue that Meta Platforms (NASDAQ:META | META Price Prediction) is making the right strategic move by entering the enterprise AI infrastructure market, even if it's arriving years after established competitors.
The most expensive infrastructure buildout in corporate history just found a possible second act.
Meta Platforms (META) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Mega-cap technology sector leaders are fundamentally altering the landscape of artificial intelligence (AI) infrastructure by transforming internal compute clusters into highly scalable revenue channels.
Reports that Meta Platforms (NASDAQ: META) would begin renting out excess compute not only moved its stock market price but also triggered a deluge of Wall Street analyst forecast updates by press time on July 2.
At the time of this interview, Schultz was CMO and VP of analytics. A few days after the 2026 Cannes Lions concluded, Meta announced that Schultz would become the company's first chief data officer, passing the CMO title to Denise Moreno.
It's official, Meta Platforms (NASDAQ:META | META Price Prediction) is getting into the business of selling extra AI compute to others.
After slumping for the past year, Meta's stock started the new quarter with a bang on Wednesday, jumping 9%. Wall Street cheered the company's push into cloud computing as CEO Mark Zuckerberg seeks to turn Meta's AI investment into a new revenue stream.
Meta's unconfirmed plan to build a cloud business faces competition from a well funded rival less than 24-hours later.
India has asked Meta to hold off launching its username feature on WhatsApp in the world's most populous country, citing concerns over fraud and impersonation, media reports said Thursday.