Why Meta Platforms Stock Surged Today
Investors cheered reports of a potentially lucrative new business.
Overview
Shares of Meta Platforms (NASDAQ: META) spiked on Wednesday, following reports that the social media titan plans to sell its excess computing capacity to recoup some of its enormous artificial intelligence (AI) spending.
Image source: The Motley Fool.
CEO Mark Zuckerberg has been ultra-aggressive in his efforts to build Meta into an AI powerhouse. From billion-dollar acquisitions to reportedly offering top AI researchers $100 million recruiting bonuses, Zuckerberg is sparing no expense.
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Originally published at www.fool.com.
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