Barron's July 01, 2026 • 15:16

Meta Stock Surges on Report It’s Building a Cloud Business. CoreWeave Drops. - Barron's

By Adam Clark, Mackenzie Tatananni

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

Shares ofMeta Platformsspiked following a report that the company might launch build a cloud business to sell excess artificial-intelligence computing capacity.
Copyright ©2026Dow Jones & Compan… [+60 chars]

Read Full Article on Original Site ↗ ← Back to News List

Meta Stock Surges on Report It’s Building a Cloud Business. CoreWeave Drops. - Barron's

More from Barron's

Good news for nervous fliers: More planes get emergency auto-land tech - The Washington Post

For some, so-called 'Skynet Day' came too close to sci-fi after a rogue agent hacked into a startup - AP News

What is the risk of using Chinese open AI models like Kimi K3? - Financial Times

The Future of the Toy Industry Isn’t Toys. It’s Magic. - WSJ