Meta Stock Surges 18% This Week on Cloud Business Announcement and Muse Spark 1.1 AI Model Launch

META6.01%
Meta Platforms' stock climbed 18% from its June 30 close this week after CEO Mark Zuckerberg announced plans to launch a cloud business and unveiled the company's new Muse Spark 1.1 AI model. According to Bloomberg and CNBC interviews, Zuckerberg described the cloud opportunity as a way to monetize Meta's massive artificial intelligence investments by renting out computing capacity, while the Spark model represents Meta's strongest offering yet for coding and agentic work. The announcements address investor concerns about Meta's $135 billion capital expenditure guidance for 2026. Portfolio director Jeff Marks noted the rally reflects growing confidence that Meta is demonstrating multiple monetization paths for its AI spending beyond traditional advertising.
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