Meta shares jump nearly 12% to $628 after report says it is planning an AI cloud service
AI Market Summary
Meta's shares jumped after reports it may commercialize its AI infrastructure by selling compute and hosted models, positioning it against AWS and Azure. The strategy could diversify revenue and improve utilization of heavy AI capex, supporting sentiment despite ongoing concerns about returns and spending intensity. The news also reinforces broader Big Tech AI investment momentum, with potential read-through to AI hardware supply chains and hyperscale data center demand.
Impact level
● Medium
Affected assets
NCSKMETA2USD/USDT+9.96%
AI Insight · NCSKMETA2USD/USDTAI Insight
▲ Bullish
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Meta Platforms shares surged nearly 12% to $628 after Bloomberg reported the company is preparing to commercialise an AI cloud business, including selling AI computing power or hosting AI models for external customers. The effort would put Meta in more direct competition with Amazon’s AWS and Microsoft’s Azure. Meta has signed multibillion-dollar AI chip deals with Nvidia, Advanced Micro Devices (AMD) and Broadcom, and is accelerating construction of large-scale data centres. The stock remains about 21% below its August 2025 record high of $796.
