US Stocks: Meta building cloud business to sell AI computing, says report; shares rise

Meta Platforms is reportedly building a cloud business to sell AI computing, potentially reducing its reliance on advertising revenue and competing with Amazon Web Services, Microsoft Azure, and Google Cloud. Shares rose nearly 6 percent in premarket trading on the news. CEO Mark Zuckerberg said the company could monetize its AI infrastructure if it overbuilds data center capacity, with Big Tech firms expected to spend over 700 billion dollars on AI infrastructure this year, up from about 400 billion dollars in 2025.