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Meta Shares Spike 8.5% On Plans To Sell Excess AI Computing Capacity Via Cloud Business

Shares of Meta Inc. surged 8% higher in pre market trade.

Meta Shares Spike 8.5% On Plans To Sell Excess AI Computing Capacity Via Cloud Business
Shares of Meta Inc. surged 8% higher in pre market trade.
Photo Source: Wikimedia Commons

Shares of Meta Inc. surged 8% higher in pre market trade after news broke of the company's plan to sell it excess AI computing capacity, according to Bloomberg. The firm will undertake this via its cloud business. 

(This is a developing story.)

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