Investors Are Underestimating This Incredibly Cheap Artificial Intelligence (AI) Stock. Buy It Before It Joins the $2 Trillion Club
Meta Platforms is reportedly going to sell its excess cloud computing capacity, a move that could open a multibillion-dollar business opportunity for the company.
Overview
This has been a forgettable year for Meta Platforms (NASDAQ: META) investors so far. Shares of the tech giant are down 5% as of this writing, underperforming the tech-laden Nasdaq Composite index that has logged 11% gains in 2026.
Concerns about Meta's aggressive capital spending on artificial intelligence (AI) projects and the potential returns of these investments have weighed on its stock price this year. However, the Magnificent Seven stock jumped nearly 9% on July 1 after a report emerged that it may be entering the lucrative AI cloud market.
Details
Let's see what this potential move may mean for Meta stock.
Source
Originally published at www.fool.com.