Meta’s plan to launch a cloud business eases the biggest overhang on the stock

Meta’s plan to launch a cloud business eases the biggest overhang on the stock

Meta Platforms on Wednesday gave investors what they needed to gain renewed confidence in the company’s mounting artificial intelligence spending — and its stock. Meta is preparing to launch a cloud infrastructure business that would sell excess AI computing power and AI models to outside customers, Jim Cramer confirmed Wednesday, throwing its ring in the…

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