Meta surged nearly 9% after a report on its AI cloud plans, with Jim Cramer calling the move "worth $100" per share.

Tech analyst Dan Ives says Big Tech is in an “air pocket stage” where billions of capex is funding AI datacenter and compute buildouts.

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 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.