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

Meta shares rose 8% after the company announced a new cloud business to sell excess AI compute capacity, easing investor concerns about its infrastructure spending.

Meta pops 8% as company makes cloud push to sell excess AI compute power capacity Source: CNBC Technology https://www.cnbc.com/technology/ The new business is a welcome signal for some investors who have been uneasy about the company's infrastructure spending plans. The new business is a welcome signal for some investors who have been uneasy about the company's infrastructure spending plans. Get AI news in your inbox Daily digest of what matters in AI.