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Meta shares jump 9% on reported plan to offer AI infrastructure services

1 · Siliconangle · July 1, 2026, 11:08 p.m.
AI News Cloud Coreweave technology-news stock-market cloud services ai-infrastructure
Summary
Meta Platforms Inc. is reportedly planning to rent out its AI infrastructure to other companies, leading to a significant rise in its stock prices. This move involves selling excess capacity that is not utilized for its internal operations, which has negatively impacted competitors in the AI cloud service market.
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