Meta Platforms Inc Class A (META)
Is Meta ‘giving up' on cutting-edge AI? Wall Street is divided over potential cloud pivot.
Meta shares popped on reports of a new cloud-computing venture, but some analysts wonder if that would signal disappointing uptake of internal AI offerings.
Meta shares surge on report of new AI cloud business
Shares of Meta Platforms jumped more than 6% on Wall Street on Wednesday after a report said the social media giant is preparing to launch a cloud computing business that would sell AI computing power to outside customers.
WhatsApp Steps Up Fight Against Account Impersonation
WhatsApp recently began offering usernames, designed to help people connect while keeping their phone numbers private. Now, the Meta-owned company said it will allow high-profile names to be claimed only by legitimate owners as it tries to prevent impersonation on the messaging platform, Bloomberg News reported Wednesday (July 1).
Meta shares jump 10% after reports company is selling excess AI computing power
Meta shares jumped 10% Wednesday following a report the company is planning to sell excess computing power – allowing it to recover some of the billions of dollars it has sunk into AI.
Meta Is Looking to Launch a Cloud Computing Business. Its Stock Is Popping
Meta's stock is soaring on signs it could be on the verge of launching a new business.
Wall Street Lunch: Meta's AI Cloud Bet Lifts Shares, Hits Neocloud Rivals
Meta Platforms (META) is developing a cloud business to monetize excess AI computing capacity, potentially accelerating near-term revenue generation. Nike (NKE) posted strong Q4 results but faces persistent weakness in China, leaving its turnaround trajectory uncertain.
Why I Can't Stop Buying Meta as Mark Zuckerberg Prepares to Hijack Polymarket and Kalshi
I keep buying Meta. Every paycheck, every dip, every time the crowd convinces itself the AI buildout has gone too far, I add more to Meta Platforms (NASDAQ:META | META Price Prediction), and I have not slowed down at $550.25.
Meta motors on chip sale strategy
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) shares rose nearly 10% to $619.44 after a report that the company is building a cloud business to sell its excess AI computing capacity. Bloomberg News, citing people familiar with the matter, said the move could reduce Meta's reliance on advertising and set it against the three firms that dominate cloud infrastructure.
Meta Plans Cloud Business to Take on Big Tech Rivals
Meta is planning a cloud infrastructure business that will sell AI computing power/model access. That's according to a report Wednesday (July 1) by Bloomberg News, which says this move would put Meta in greater competition with cloud leaders such as Amazon Web Services, Google Cloud and Microsoft Azure.
Meta to build cloud infrastructure business to sell AI compute
CNBC's Julia Boorstin reports on news regarding Meta.
Meta stock jumps on report of AI cloud business expansion plans
Meta Platforms shares META surged in trading on Wednesday following a report that the company is developing a cloud infrastructure business that would sell artificial intelligence computing power and AI models to external customers. The proposed business would allow Meta to generate revenue from excess AI computing capacity, potentially creating a new source of income while expanding its presence in the fast-growing cloud infrastructure market.
Meta Stock Price Prediction: The Forecast Sees a Path to $800+
Meta Platforms (NASDAQ:META | META Price Prediction) has had a rough first half of 2026, but our model sees a compelling risk-reward setup in mega-cap tech.
