BUZZ-Meta jumps on report it is building cloud business to sell excess AI capacity
IREN Limited
Meta Platforms
CoreWeave
NEBIUS
IREN Limited IREN | 0.00 | |
Meta Platforms META | 0.00 | |
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** Shares of Facebook parent Meta Platforms META.O rise 7.3% to $604.50
** Meta is building a cloud business to sell excess AI computing capacity, Bloomberg News reports
** Reuters could not independently verify the report
** Neocloud stocks fall after the report; Nebius NBIS.O drops 13% to $240.30, CoreWeave CRWV.O falls 11.3% to $88.45 and Iren IREN.O slips 4.1% to $43.84
** Including session's moves, META down about 9.2% YTD