Meta Platforms may sell excess AI cloud computing capacity, potentially unlocking a multibillion-dollar revenue stream amid heavy capital spending.
Meta Platforms shares rose nearly 9% after reports indicated the company plans to enter the AI cloud market by selling excess computing capacity. The move could monetize its $135 billion capital expenditure budget for 2026, up from $72.2 billion last year.
Meta has ramped up spending to integrate AI across its platforms and develop advanced models through its Superintelligence Labs. While concerns over returns on AI investments have weighed on its stock, the company has reported tangible gains from these initiatives.
The Nasdaq Composite has outperformed Meta this year, with the index up 11% compared to Meta’s 5% decline. The potential cloud market entry could shift investor sentiment and narrow the performance gap.