Meta shares soared Wednesday on a report that the company is wading into the business of selling cloud computing services and access to AI models.

July 1 : Meta Platforms is building a cloud business to sell excess AI computing capacity, Bloomberg News reported on Wednesday citing people familiar with the matter. The move…

Meta CEO Mark Zuckerberg says building a cloud business to lease AI computing power is 'definitely on the table,' with 2026 capex guidance at $115-135

Meta Platforms is reportedly exploring a move into the cloud computing business, aiming to lease out its surplus AI computing power. This strategic shift could lessen Meta's…

Meta has poured hundreds of billions of dollars into data centers and AI chips.