{"slug": "meta-stock-spikes-10-on-reports-of-a-plan-to-sell-excess-ai-compute", "title": "Meta stock spikes 10% on reports of a plan to sell excess AI compute", "summary": "Meta stock surged 10% on Wednesday after Bloomberg reported the company plans to launch a cloud business selling excess AI compute capacity, putting it in competition with Microsoft, Amazon, and Alphabet. Despite the spike, Meta shares remain down 8% year-to-date as investors worry about soaring AI spending and the sustainability of the AI trade.", "body_md": "# Meta stock spikes 10% on reports of a plan to sell excess AI compute\n\n[Business Insider](https://www.businessinsider.com)\n\nMeta stock rallied on Wednesday after a report said it's getting into the cloud computing game with the aim of selling excess compute capacity.\n\n- Meta stock popped on Wednesday after a report said it will sell excess AI\n[compute](/glossary/compute). - The social media giant will launch a new cloud business in order to sell it.\n- Despite the share spike, Meta shares are still down 8% year to date.\n\nInvestors cheered news that [Meta](https://markets.businessinsider.com/stocks/meta-stock) could get into the cloud computing game on Wednesday.\n\nShares of the Facebook and Instagram parent surged as much as 10% after [Bloomberg reported](https://www.bloomberg.com/news/articles/2026-07-01/meta-is-building-a-cloud-business-to-sell-excess-ai-compute) that the company is planning to launch a cloud business that will sell excess AI compute capacity. The move would put it in direct competition with cloud giants like Microsoft, Amazon and Alphabet.\n\nEven with Wednesday's gain, the stock is still down 8% year to date. Investors are grappling with rising jitters about soaring AI spending and the sustainability of the AI trade as it powered a blistering hot streak in the second quarter.\n\nMeta is among the [tech \"hyperscalers\"](https://www.businessinsider.com/ai-stocks-investing-ideas-bubble-valuations-ben-snider-goldman-sachs-2026-7) spending huge amounts on building AI infrastructure and data centers as it races other tech firms for dominance in the space. Bloomberg's report says that the company could sell excess compute generated by its data centers or even offer customers access to its AI models.\n\nIt would be a new frontier for the tech giant. To date, the company has pursued [its AI buildout](https://www.businessinsider.com/meta-is-blunt-about-need-to-cut-workers-fund-investments-2026-5) to further its own ambitions. The move could also put it in competition with infrastructure providers like CoreWeave, which rents out compute power to customers developing their own AI tools.\n\nCEO Mark Zuckerberg had previously said that Meta was \"not necessarily\" a developer tools company, though he wasn't against building a coding agent.\n\nThe plan could also help offset some of the massive spending that's spooked some investors lately. Meta, along with Microsoft, Google, and Amazon, are planning to spend $725 billion this year alone, and Meta has aggressively cut headcount to fund its AI projects.\n\nBut markets haven't always been thrilled to digest such huge numbers. Meta in particular saw it's stock plummet after its [latest earnings](https://www.businessinsider.com/meta-q1-earnings-updates-ai-muse-spark-mark-zuckerberg-2026-4) release as it boosted its capex plan for the year to $125 billion to $145 billion.\n\n[Business Insider](https://www.businessinsider.com/meta-stock-cloud-computing-ai-compute-tech-stocks-data-centers-2026-7)\n\nGet AI news in your inbox\n\nDaily digest of what matters in AI.", "url": "https://wpnews.pro/news/meta-stock-spikes-10-on-reports-of-a-plan-to-sell-excess-ai-compute", "canonical_source": "https://www.machinebrief.com/news/meta-stock-spikes-10percent-on-reports-of-a-plan-to-sell-exc-ihr3", "published_at": "2026-07-01 14:35:44+00:00", "updated_at": "2026-07-01 16:03:33.121460+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure", "ai-products", "ai-startups"], "entities": ["Meta", "Microsoft", "Amazon", "Alphabet", "CoreWeave", "Mark Zuckerberg", "Bloomberg"], "alternates": {"html": "https://wpnews.pro/news/meta-stock-spikes-10-on-reports-of-a-plan-to-sell-excess-ai-compute", "markdown": "https://wpnews.pro/news/meta-stock-spikes-10-on-reports-of-a-plan-to-sell-excess-ai-compute.md", "text": "https://wpnews.pro/news/meta-stock-spikes-10-on-reports-of-a-plan-to-sell-excess-ai-compute.txt", "jsonld": "https://wpnews.pro/news/meta-stock-spikes-10-on-reports-of-a-plan-to-sell-excess-ai-compute.jsonld"}}