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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.
Article preview — originally published by CNBC. Full story at the source.
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Bloomberg Tech
Meta Is Building a Cloud Business to Sell Excess AI Compute
Bloomberg Tech
Meta to Build Cloud Business to Sell Excess AI Compute | Bloomberg Tech 7/01/2026
Investing.com
Meta to sell excess AI computing capacity via cloud business, Bloomberg News reports
Yahoo Finance
Meta building cloud business to sell excess AI capacity, Bloomberg News reports
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