Meta Plans Cloud Business to Rival AWS, Azure, GCP; Shares Surge 7%

Meta is entering the cloud infrastructure market with a new business that will sell AI compute access, directly taking on Amazon Web Services (AWS), Microsoft Azure, and Google Cloud. The move was reported by Bloomberg.

Shares of Meta (META) surged more than 7% following the announcement, reflecting investor optimism about the company's expansion beyond social media and advertising into high-growth enterprise cloud services.

The report did not specify a launch timeline or initial capacity, but the move marks a strategic pivot for Meta as it seeks to monetize its massive data-center investments and AI capabilities.