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Dow Jones Newswires published this market news item.

Dow Jones Newswires

Meta Stock Soars Almost 10% on Reported Plan to Build Cloud Infrastructure — WSJ

7/2/2026, 03:24 AM GMT+8 Dow Jones Newswires

Sources: Dow Jones Newswires
Markets: Stocks
Active symbols: NASDAQ:META
Language: English

By Heather GillersMeta Platforms is having its best day since January after Bloomberg reported that the Facebook parent will sell access to AI computing power and models similar to those offered by Amazon, Microsoft and Google.Meta shares were up about 9.5% Wednesday afternoon, down slightly from a…

By Heather Gillers

Meta Platforms is having its best day since January after Bloomberg reported that the Facebook parent will sell access to AI computing power and models similar to those offered by Amazon, Microsoft and Google.

Meta shares were up about 9.5% Wednesday afternoon, down slightly from a high of more than 11% hit earlier this morning. The company was the third best performer in the S&P 500.

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