Meta shares jump 9% on reported plan to offer AI infrastructure services
Meta Platforms Inc. reportedly plans to rent its artificial intelligence infrastructure to other companies.
Sources told Bloomberg and CNBC today that the Facebook parent will sell excess capacity not used by its internal workloads. The news sent Meta’s shares 8.8% higher, while AI cloud provider CoreWeave Holdings Inc. closed 13.9% lower. Nebius Group NV, a competing provider of machine learning infrastructure, dropped 17%.
Meta could potentially make a significant amount of new computing capacity available for the AI industry. The company expects to spend up to $145 billion on capital expenses, a line item that covers data centers, in its current fiscal year. That’s on top of the $70 billion it invested in 2025.
Meta’s flagship infrastructure project is a data center campus called Hyperion that is currently undergoing construction in Louisiana. The site is expected to consume 5 gigawatts of electricity, which is enough to power more than 4 million homes. It will host 11 buildings equipped with millions of graphics processing units.
