Meta Platforms' shares surged over 10% following a report indicating the company is establishing a cloud computing business aimed at monetizing excess artificial intelligence (AI) computing capacity. The initiative may involve providing customers access to AI models on Meta's platform, resembling services offered by existing cloud providers. CEO Mark Zuckerberg previously mentioned exploring ways to commercialize unused AI infrastructure, though much of it is still intended for internal use.

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Meta Shares Jump 10% After Report Reveals AI Cloud Plans

Nauman Khan

Wed, July 1, 2026 at 4:03 PM EDT1 min read

META+8.81%

This article first appeared on GuruFocus.

Meta Platforms ( NASDAQ:META) climbed more than 10% on Wednesday after a report said the social media company is developing a cloud computing business that would monetize surplus artificial intelligence computing capacity.

The report said Meta Platforms ( NASDAQ:META) is creating a dedicated business unit to generate revenue from excess AI infrastructure. The initiative could include offering customers access to AI models running on Meta's computing platform, a strategy similar to services offered by major cloud providers.

Meta Platforms ( NASDAQ:META) has previously indicated it was evaluating ways to commercialize unused AI capacity. At the company's shareholder meeting in May, Chief Executive Mark Zuckerberg said selling excess compute was under consideration, although he noted the company still expected to use much of its infrastructure internally.