After being down and out for several months, shares of Magnificent Seven giant Meta Platforms (NASDAQ: META) are starting to get their groove back. The stock recently popped 8.8% on reports that Meta will enter the cloud computing business, selling excess capacity to third parties.
Meta shares then saw two large single-day up moves on July 9 and July 10, rising 4.7% and 6%. Part of the stock’s latest gain is due to what is likely Meta’s most significant artificial intelligence (AI) model release: Muse Spark 1.1.
