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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 push to generate tangible returns from massive AI investments, Meta Platforms is reportedly in talks to lease computing power to AI startup Anthropic. According to reports, the potential deal is valued at up to $10 billion, allowing Meta to monetize its vast infrastructure of chips and data centers by serving external partners. Meta's stock responded positively to the news, paring earlier losses following the New York Times report on the negotiations.
This development comes as technology giants race to dominate the AI-specific cloud computing market, with Microsoft reporting significant growth in AI-related Azure revenue in recent quarters. Per market data, Microsoft (MSFT) closed at $664.54, while Alphabet (GOOGL) stood at $664.54 (close July 16, 2026). Meta’s entry into this space represents a strategic shift to compete with established cloud providers by leveraging its massive inventory of Nvidia H100 GPUs.
From a market perspective, META shares stood at $664.54 (close July 16, 2026), having traded between a day low of $660.16 and a high of $681.90. Investors are closely watching the progress of these talks as a primary catalyst for Meta's services revenue, while also monitoring upcoming Fed speeches on the economic calendar for broader signals regarding the interest rate environment and its impact on high-growth tech valuations.