Douglas Turner
Meta Platforms (NASDAQ:META) runs Facebook, Instagram, WhatsApp and a growing stable of AI models, and it now looks ready to add cloud computing to that list. Shares jumped 4.43% to 629.48 dollars after a Bloomberg report said the company is preparing to sell access to its AI models and its spare data center capacity to outside businesses.
Data as of 2026-07-09Price 629.48 USD Day change +26.72 (+4.43%) 52-week range 540.18 – 682.5 Market cap $1.53T P/E ratio 26.25 EPS (ttm) 23.98 Dividend yield 0.33% RSI (14) 59.82 Volume 19,785,779
At a Glance
- META closed at 629.48 dollars, up 4.43% on the day
- 52 week range spans 540.18 to 682.5 dollars
- Market cap stands at 1.53 trillion dollars
- P/E ratio of 26.25 with EPS reflecting that multiple
- Dividend yield sits at 0.33%, RSI reads 59.82
Why Meta Wants Into the Cloud Business
Bloomberg reported that Meta is building a unit meant to squeeze revenue out of the enormous computing capacity it has piled up through data center and AI infrastructure spending. The plan reportedly includes charging developers for access to its own Muse Spark models, a setup similar to how Amazon Web Services rents out models through its Bedrock service. Meta is also weighing whether to sell raw, unused computing power directly to outside customers rather than let it sit idle.
Mark Zuckerberg had already hinted this was coming. In May, he told investors that selling compute is
Eugene Castillo
Dean Porter
