Meta Stock Surges 9% as Company Plans to Sell Excess AI Computing Power

Key Stats for Meta Stock

• Price change for Meta stock: 9%
• $META Share Price as of Jul. 1: $613
• 52-Week High: $796
• $META Stock Price Target: $828

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What Happened?

Meta (META) stock jumped nearly 9% on Wednesday after reports emerged that the company is building a new cloud business to sell its excess AI computing power to outside customers. Bloomberg first reported the news, and CNBC confirmed it.

The move would turn Meta’s massive AI infrastructure into a revenue-generating asset rather than just a cost center.

The company is still deciding exactly what to offer, whether that means access to AI models hosted on its servers or raw computing capacity. Either way, the idea is to monetize the infrastructure it has been building at a staggering pace.

Meta told investors in April that it plans to spend as much as $145 billion on capital expenditures this year alone, covering data centers and the graphics chips needed to train and run AI models.

The cloud announcement gave Meta stock a meaningful lift, particularly because some investors had grown increasingly uneasy with the company’s spending trajectory.

Generating revenue from unused capacity would help offset those costs and provide a clearer path to returns on its infrastructure investments.

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What the Market Is Telling Us About Meta Stock

The reaction in Meta stock stands in sharp contrast to what happened to cloud computing rivals. Shares of CoreWeave and Nebius Group each dropped about 12% following the news, suggesting the market sees Meta as a credible new competitor in a space already dominated by Amazon, Microsoft and Google.

Meta would be entering a fiercely competitive market, but it also has advantages. CEO Mark Zuckerberg first floated this idea during the company’s Q3 2025 earnings and mentioned it again at the annual shareholder meeting in May.

He told investors at the time that selling excess compute “is definitely on the table” if the company ends up with more capacity than it needs.

Meta is following a playbook similar to SpaceX’s, which has also started selling excess computing capacity this year. SpaceX has already locked in large deals, including an agreement with Anthropic for $1.25 billion per month and one with Google for $920 million per month.

Meta has been navigating a challenging stretch in AI. The company spent $14 billion to hire Alexandr Wang from Scale AI last year.

Its first model under his leadership, Muse Spark, launched in April and was described as a foundation rather than a frontier model.

The cloud announcement gives investors a new reason to be optimistic that the company’s AI spending will eventually pay off.

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Disclaimer:

Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!