Meta pops 8% as company makes cloud push to sell excess AI compute power capacity

Meta's stock jumped eight percent after the company announced plans to offer cloud computing services, selling excess artificial intelligence compute capacity to other businesses. The move addresses investor concerns about whether Meta's massive spending on AI infrastructure will generate returns. By monetizing that excess capacity, the company is turning a potential liability into a revenue stream. According to CNBC, this new business signals a pragmatic approach to infrastructure investment.

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