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Meta pops 8% as company makes cloud push to sell excess AI compute power capacity
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- Shares of Meta popped 8% on Wednesday on news that the company is building out a new cloud business that could help recoup some of the billions of dollars it's poured into artificial intelligence infrastructure.
- Meta will sell its excess computing power to outside customers, CNBC confirmed.
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Shares of Meta popped 8% on Wednesday on news that the company is building out a new cloud business that could help recoup some of the billions of dollars it's poured into artificial intelligence infrastructure.
Meta will sell its excess computing power to outside customers, CNBC confirmed. Bloomberg was first to report the news.
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