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StocksMediumUpdated×4•Originally published 1 July 2026•Updated 1 July 2026•
1 min read

Meta jumps 10% on report it plans AI cloud business for external customers

Digital illustration of Mark Zuckerberg with cloud computing and GPU graphics on an orange background.

Key Facts

1Reports indicate Meta is developing cloud infrastructure to sell AI computing power and AI models to external customers.

In a major strategic shift, Bloomberg reported, citing sources, that Meta plans to enter the AI cloud market by selling excess computing power and AI models to external customers. Meta shares surged 10% on the report, reflecting investor enthusiasm for diversifying revenue streams. However, Meta has not officially confirmed these plans.

The move comes as Meta spends billions on AI infrastructure, making it logical to leverage those investments for external revenue. In contrast, Amazon (AWS), Microsoft (Azure), and Alphabet (Google Cloud) already offer AI cloud services, per market data. Meta’s business model, centered on advertising and commerce, could find an additional growth channel in cloud computing.

META closed at $563.29 on June 30, with a session low of $551.43 and high of $565.54 (pre-surge). Investors are watching for official confirmation from management. The next quarterly results may provide more details on Meta’s strategy in this sector.