Meta Jumps 11% on Cloud Computing Plans, Nvidia Slides
Meta leads the Magnificent Seven higher after reports it will sell excess computing power. Nvidia bucks the trend and drags on the group.
Meta Platforms surged more than 11% Thursday after a report revealed the social media giant plans to monetize its surplus computing infrastructure by selling excess capacity to outside companies, a move that signals a bold pivot toward cloud-style services. The rally put Meta on pace for its biggest single-day percentage gain since April 9, 2025, according to Dow Jones Market Data.
The news lifted the broader Magnificent Seven cohort — the elite cluster of mega-cap tech stocks that includes Apple, Alphabet, Amazon, Microsoft, Tesla, and Nvidia — with Meta emerging as the clear standout performer of the session. The group's collective advance underscored renewed investor appetite for artificial intelligence-adjacent plays as companies race to squeeze revenue from costly data center buildouts.
Read more Dow Jones Movers: Top Gainers and Losers Wednesday →
Nvidia, however, moved against the grain, declining and acting as a drag on the otherwise bullish Magnificent Seven trade. The chip designer's weakness offered a notable contrast given that its GPUs underpin much of the computing infrastructure Meta and its peers have spent billions accumulating over the past two years.
Meta's reported strategy — converting internal AI infrastructure into a revenue-generating service for third parties — reflects a broader industry logic: companies that have overbuilt capacity are looking for ways to offset enormous capital expenditures. If realized, the move could position Meta as a direct competitor in a cloud market currently dominated by Amazon Web Services, Microsoft Azure, and Google Cloud.
Continue reading at Yahoo
