Meta Platforms to Offer Cloud Compute Services, Shares Rise 7%

Meta Platforms reported a 7% jump in its Wall Street share price after announcing plans to sell excess computing capacity from its data‑center network. The company intends to rent out unused AI‑related processing power, turning a fixed operational cost into a recurring revenue stream. For the current fiscal year, Meta earmarked between $125 billion and $145 billion for infrastructure and AI development, including a $10 billion data‑center project in Mississippi. By entering the cloud market, Meta aims to diversify away from its core advertising business and compete with established providers such as Amazon Web Services, Microsoft Azure and Google Cloud.

The strategy leverages Meta’s massive AI‑training infrastructure, built for models like the Llama family, and follows a broader industry trend of monetising under‑utilised data‑center assets. Investors view the move positively, seeing potential for new income streams while the demand for AI compute resources remains high.