US Stocks: Meta building cloud business to sell AI computing, says report; shares rise
- Posted on July 1, 2026
- By Business News Today
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- 1 min read
US Stocks: Meta building cloud business to sell AI computing, says report; shares rise
Meta Platforms is reportedly exploring a move into the cloud computing business, aiming to lease out its surplus AI computing power. This strategic shift could lessen Meta's dependence on advertising revenue and position it as a competitor to tech giants like Amazon and Microsoft.
