Mark Zuckerberg may announce a new cloud computing business for Meta Platforms during the second-quarter earnings report on July 29.
Mark Zuckerberg is expected to reveal a new cloud computing business for Meta Platforms during the company's second-quarter earnings report on July 29. While the company has not yet made a formal announcement, Zuckerberg previously indicated that a cloud business is "definitely on the table." The move would allow Meta Platforms to diversify its revenue streams beyond its dominant advertising engine, similar to the model used by Alphabet. The company is currently spending between $125 and $145 billion on capital expenditures this year, with a significant portion dedicated to AI infrastructure. Analysts suggest a cloud business would provide a profitable outlet for this investment, contrasting with the high-cost experiments of Reality Labs and the metaverse. Despite these heavy investments, Meta Platforms remains a cash-generating machine, reporting a 33.08% year-over-year revenue growth in the first quarter of 2026. With a price-to-earnings ratio of 23, the stock is currently viewed as a value opportunity as the company leverages its existing infrastructure to meet soaring demand for AI services.