U.S. Stock Market News: Meta Platforms (META.US) Plans to Enter the Cloud Computing Market, Stock Price Rises Over 8% at Market Open

According to the financial news app, it was reported on Wednesday that Meta Platforms (META.US) is building a cloud business, causing its stock price to rise by over 8% at the opening; meanwhile, cloud computing services providers saw a collective decline, with Nebius (NBIS.US) plummeting by over 14%, CoreWeave (CRWV.US) falling by over 9%, and IREN Ltd (IREN.US) dropping by over 6%. On the news front, reports suggest that Meta is planning to enter the fiercely competitive cloud computing infrastructure market by selling its excess artificial intelligence (AI) computing power and model access rights, turning its massive AI infrastructure investments into new revenue streams.