Meta Platforms Is Up 21% This Month, and Here Is What's Driving the Surge

Meta shares surged 21% in July, adding $270 billion to its market cap, driven by the launch of its new cloud computing division under the Meta Compute initiative. The company plans to monetize excess AI infrastructure by selling unused compute resources to outside customers, addressing concerns about aggressive AI spending ($125-145 billion annually). Investors are optimistic about this strategic pivot to generate returns on massive capex investments, though the company's ability to deliver on AI ROI expectations remains critical.