Meta pops 8% as company makes cloud push to sell excess AI compute power capacity
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Source: CNBC
Published: 2026-07-02 00:15 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Transport, Technology & AI, Economy & Finance, Financial Markets, World News, Business & Economy, Technology
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Snippet:
Shares of Meta popped 8% on Wednesday on news that the company is building out a new cloud business that could help recoup some of the billions of dollars it's poured into artificial intelligence infrastructure.
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