CoreWeave and Nebius shares slide after Meta cloud expansion report (CRWV)
Key takeaways
- The report indicated that Meta is exploring ways to commercialise its artificial intelligence infrastructure by offering customers access to AI computing resources and foundation models.
- According to Bloomberg, Meta is evaluating a business model that would allow developers to access AI models hosted on its infrastructure.
- The company is also said to be considering offering direct access to raw computing capacity, placing it in competition with neocloud providers such as CoreWeave.
Core Weave and Nebius shares slide after Meta cloud expansion report (CRWV) Fiona Craig Wed, July 1, 2026 at 9:11 PM GMT+7 1 min read META CRWV NBIS Cloud computing world ©Adobe Stock Images Meta's reported plans weigh on AI infrastructure providers Shares of Core Weave (NASDAQ:CRWV) and Nebius Group (NASDAQ:NBIS) fell more than 6% on Wednesday after a Bloomberg report suggested that Meta Platforms is preparing to expand into the cloud infrastructure market.
The report indicated that Meta is exploring ways to commercialise its artificial intelligence infrastructure by offering customers access to AI computing resources and foundation models.
According to Bloomberg, Meta is evaluating a business model that would allow developers to access AI models hosted on its infrastructure.