Meta Platforms shares rose 8% after reports that the company is building a cloud business to sell excess computing power and potentially recoup its massive AI infrastructure spending.

The move could involve offering either access to hosted AI models or raw computing capacity, placing Meta in direct competition with major cloud providers like Amazon, Microsoft, and Google.

Investors reacted positively as the plan could help offset concerns over Meta’s heavy capital expenditures, which are projected to reach up to $145 billion this year.

The strategy follows broader industry trends, including companies like SpaceX monetizing unused computing resources and rival firms securing large-scale AI infrastructure deals, CNBC has reported.

Despite heavy investment and new AI leadership, Meta is still working to strengthen its position in the rapidly evolving AI market.