Meta Jumps 9% on AI Cloud Expansion Plans

Meta Platforms plans to rent excess AI infrastructure capacity to other companies, according to reports from Bloomberg and CNBC. The news sent Meta shares up 8.8%, while rivals CoreWeave and Nebius dropped 13.9% and 17% respectively. Meta is weighing options including selling compute capacity, hosting AI models, and potentially offering training tools. The company's massive infrastructure investments, including a 5-gigawatt Louisiana data center campus, position it as a major player in the AI cloud market alongside xAI, which recently signed $2.35 billion monthly infrastructure deals with Google and Anthropic.