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

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's Jim Cramer confirmed. Bloomberg was first to report the news.

The company is debating whether it will offer access to AI models that are hosted on its infrastructure, or whether it will sell access to raw computing power, according to Bloomberg.

A representative for Meta did not immediately respond to CNBC's request for comment.

Model developers, including Meta, have been racing to secure computing power since OpenAI kickstarted the AI boom with the launch of its ChatGPT chatbot in 2022, and demand far outpaces supply. Meta told investors in April that it plans to spend as much as $145 billion on capex this year as it continues developing data centers and securing the graphics processing units needed to train AI models and run large workloads.

By standing up a cloud business, Meta could generate revenue on the capacity it's not using, a welcome signal for some investors who have been uneasy about th

Fuente original: CNBC Top News (https://www.cnbc.com/2026/07/01/meta-stock-cloud-ai-compute.html)