Prediction: Meta Platforms Will Soar on July 29 When It Makes This Announcement

Buzz is building around a new cloud computing business from Meta Platforms (NASDAQ: META), and it looks like the stars are aligning for it to make the announcement on July 29 when it reports second-quarter earnings.The Facebook-parent has yet to make a formal acknowledgment about adding cloud infrastructure operations, but CEO Mark Zuckerberg indicated it was a strong possibility earlier this year when he said a cloud business is "definitely on the table."A few weeks ago, Bloomberg said that the company is building out a cloud computing business, and just a few days ago, The New York Times said the company was in talks to lease computing power to Anthropic in a deal that could be valued at $10 billion over the next two years. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool