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Investors just learned the company will soon face another big competitor.

Meta said on Wednesday its chief marketing officer Alex Schultz will become the ‌company's first chief data officer, to better manage ‌AI analytics globally. The Facebook-parent also promoted its vice president of consumer ​marketing and growth, Denise Moreno, to marketing chief. • "My focus in this new role will be helping transform how Meta learns and makes decisions in the AI era," Schultz ‌said in a LinkedIn ⁠post.

Meta Platforms Inc. (NASDAQ:META) ranks among the AI stocks beyond NVIDIA that could surge in 2026. On June 23, Meta Platforms Inc. (NASDAQ:META) launched a new set of $299 smart glasses, at a minimum $80 less expensive than the company’s entry-level second-gen Meta Ray-Ban glasses. The tech giant is actively promoting its smart glasses to […]

The Nasdaq Composite was down in late-morning trading Wednesday, while the S&P 500 Index and Dow Jon

Meta (META) will reportedly begin selling its excess AI compute, according to Bloomberg. Yahoo Finance Technology Editor Dan Howley explains what to know.

Meta Platforms (NASDAQ:META) has had a rough first half of 2026, but our model sees a compelling risk-reward setup in mega-cap tech. With shares down 16.5% year to date and the AI capex narrative dividing investors, the pullback has gone too far. Our 24/7 Wall St. price target for Meta is $796.59, implying 44.77% upside ... Meta Stock Price Prediction: The Forecast Sees a Path to $800+

According to a Bloomberg report, Meta is preparing to enter the AI cloud infrastructure market by selling AI computing power, in a bid to take on Amazon and Microsoft.

Shares of Meta Platforms (NASDAQ:META) are up 10% to $619 in morning trading, marking one of the sharpest single-session moves for the stock this year. The catalyst is a Bloomberg report that the company is building a cloud infrastructure business to sell its excess AI computing capacity to outside customers. If confirmed, the shift would ... Meta Platforms Jumps 10% on Potential Plans to Sell AI Compute, Challenging Amazon, Microsoft, Google

Meta’s reported plans weigh on AI infrastructure providersShares of CoreWeave (NASDAQ:CRWV) and Nebius Group (NASDAQ:NBIS) fell more than 6% on Wednesday after a Bloomberg report suggested that Meta Platforms is preparing to expand into the cloud infrastructure market. The report indicated that Meta is exploring ways to commercialise its artificial intelligence infrastructure by offering customers access to AI computing resources and foundation models.

Meta is reportedly building a cloud computing business.

Meta is developing plans for a cloud infrastructure business, selling access to AI compute power and models. The move would pit it against the big cloud providers like Amazon Web Services, Google Cloud, and Microsoft Azure.

CoreWeave (NASDAQ:CRWV) stock is down 11% to $88.63 in early trading Wednesday, extending a stretch of heavy volatility for the AI cloud provider. The slide comes without a clean, single catalyst dated today, though there is one possible price-move driver. Still, overall it looks like a continuation of a broader downtrend for one of the ... CoreWeave Is Down 11% Today: How Does CRWV Compare to Other Cloud Stocks Like Cloudflare and Oracle?

The AI stock bubble is looking bubbly.

Report says Meta is preparing a move into cloud infrastructureShares of Meta Platforms (NASDAQ:META) climbed as much as 8% on Wednesday after a Bloomberg report said the company is preparing to enter the cloud infrastructure market by offering customers access to surplus artificial intelligence computing resources. If launched, the initiative would place Meta in direct competition with leading cloud providers including Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform (GCP), w

The artificial intelligence race has become a contest of infrastructure as much as software. Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), and Alphabet (NASDAQ:GOOG) have each built cloud businesses that generate tens of billions of dollars in annual revenue by renting computing power to other companies. Meta Platforms (NASDAQ:META) has taken a different approach, spending heavily to build ... Meta Is About to Make Its Next Billion-Dollar Bet. Wall Street Thinks It Could Be Huge

Meta Platforms Inc's (NASDAQ:META, XETRA:FB2A, SIX:FB) plan to sell spare computing power is less a bold expansion than an admission, that the company has built so much AI capacity it now needs somewhere to put the surplus. The Facebook and Instagram owner has spent heavily on data centres...

Meta stock rallied on a report that the Facebook parent plans to offer access to its massive AI cloud infrastructure to business customers.

Futures fell amid key jobs data and with Fed chief Kevin Warsh due. Bloom Energy, Nike and SpaceX are early movers.

Less than 2.5% of the workforce affected, with sales, consulting, and Xbox among the areas targeted

Meta rises on a report that it hopes to generate revenue from selling excess computing power to third parties. CoreWeave and Nebius are falling.

Meta Platforms is building a cloud business to sell excess AI computing capacity, Bloomberg News reported ‌on Wednesday citing people familiar with the matter. The move ‌could reduce Meta's reliance on advertising revenue and help it take on major cloud ​companies, including Amazon, Microsoft and Alphabet. Meta did not immediately respond to a request for comment.

July 1 (Reuters) - Meta Platforms is building a cloud business to sell excess AI computing capacity, Bloomberg News reported on Wednesday citing people familiar with the matter.

Big Tech's first half was marked by a divide between software stocks and hardware.

The stock market, and technology names in particular, were falling ahead of the open Wednesday after a strong performance in the previous session.

(Updates with Meta Platforms' response in the sixth paragraph.) Meta Platforms (META) has failed

Meta Platforms (META) has failed to win a summary judgment on claims brought by a coalition of state

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(Bloomberg) -- Alphabet Inc. has had a remarkable 12 months by just about any measure you can imagine.Most Read from BloombergSpaceX IPO Left Mirae With No Shares on MisunderstandingSupreme Court Backs Birthright Citizenship in Blow to TrumpTrump Reports at Least $1.4 Billion in 2025 Crypto EarningsWhatsApp Opens Username Reservations to 3 Billion UsersYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanThe stock price has more than doubled, raising its market capitalization by more t

Jim Cramer names Micron, Intel, AMD, Marvell, and Sandisk as the chip stocks leading Wall Street's AI spending cycle

DoubleLine’s Deputy CIO Jeffrey Sherman is managing bond portfolios defensively in an environment of heavy spending on artificial intelligence and potential for higher interest rates.