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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting Big Tech's drive to reduce reliance on external providers, Meta is moving to bolster its cloud computing capabilities. According to Wall Street Journal reports, the company plans to hire Dave Brown, a veteran executive from Amazon Web Services (AWS), to lead its cloud ambitions. This strategic hire aims to strengthen Meta's internal infrastructure, potentially positioning it as a direct competitor to established giants like Amazon and Microsoft.
This transition occurs amid intensifying competition for leadership talent in the cloud sector, as Meta seeks to leverage Brown’s nearly two decades of experience at AWS, the global market leader with over 30% market share according to recent earnings data. In comparison to peers, Microsoft (MSFT) closed at $401.1, while Alphabet (GOOGL) finished at $354.46 per market data on July 16, 2026, highlighting the massive valuations of firms controlling AI and cloud infrastructure.
Investors are monitoring how effectively Meta can integrate this expertise to lower long-term operational costs, with META shares closing at $664.54 and AMZN at $249.89 as of July 16, 2026. Looking ahead, market participants are focused on the upcoming U.S. Monetary Policy Report scheduled for later today, which could influence Big Tech valuations and the financing costs of large-scale infrastructure projects.