Jim Cramer Says Meta Is Entering the 'Most Lucrative Game,' Reiterates AI Cloud Business Is 'Worth $100' Per Share as Stock Pops 9%

On Wednesday, Meta Platforms, Inc. (NASDAQ: META ) shares surged 8.81% after a report said the company is developing a cloud computing business aimed at monetizing its vast artificial intelligence infrastructure, prompting Jim Cramer to argue the initiative could add significant value to the stock. Meta’s AI Compute Strategy Sparks Investor Optimism Meta’s stock climbed after a report revealed the company is building an internal initiative known as Meta Compute, which would allow it to generate revenue from excess AI computing capacity.., Meta is exploring two offerings. The first would let developers access AI models hosted on Meta’s infrastructure, similar to Amazon.com, Inc.’s (NASDAQ: AMZN ) Web Services’ Bedrock platform. The second would involve selling raw computing capacity to businesses, putting Meta in competition with AI-focuse...