US Stock Market Move | Meta Platforms (META.US) is planning to enter the cloud computing market. Its stock price jumped over 8% at the opening.

On Wednesday, there were reports that Meta Platforms (META.US) is building a cloud business, causing its stock price to rise over 8% at the opening; while cloud computing service providers collectively declined, Nebius (NBIS.US) fell over 14%, CoreWeave (CRWV.US) fell over 9%, and IREN Ltd (IREN.US) fell over 6%. According to reports, Meta is planning to enter the competitive cloud computing infrastructure market by selling its excess artificial intelligence (AI) computing power and model access rights, transforming its massive AI infrastructure investment into a new revenue channel. Insiders revealed that Meta is developing a new cloud business plan aimed at selling computing resources to external customers. This strategic move will open up a new competitive track, pitting Meta directly against industry giants like Amazon.com, Inc.'s AWS, Microsoft Corporation's Azure, and Alphabet Inc. Class C's Google Cloud. The progress of this plan directly affects the interests of investors and market expectations. As Meta invests billions of dollars in data centers and expensive chips to achieve ambitions in the AI field, investors are increasingly anxious about whether this massive capital expenditure will pay off. Commercializing computing power through cloud services not only provides Meta with a way to alleviate financial pressure and appease investors, but also signifies a major potential transformation in its business model.