Meta (META) Stock Jumps on Plan to Rent Out AI Infrastructure

Meta Platforms (NASDAQ:META) runs Facebook, Instagram, WhatsApp and a growing pile of AI infrastructure, and its stock jumped after word leaked that the company wants to sell that AI computing power to outside customers. Shares traded at 615.58 dollars, up 2.77% on the day, in what marks Meta's biggest single-day pop since late January.

The number that jumped fastest belongs to the reason behind the move: Meta reportedly wants to turn its AI buildout into a new business line rather than just a cost center. Bloomberg reported the company is weighing two paths, letting developers tap Meta-hosted AI models the way they'd use Amazon's Bedrock, or simply renting out raw computing capacity so customers can run their own workloads on Meta's chips and data centers.

The project sits inside an internal group called Meta Compute, which already manages the company's sprawling AI infrastructure. Mark Zuckerberg planted the seed back in May, telling investors a Meta cloud computing business was