Meta stock surges roughly 15% in a week, poised for best performance in years

Meta Platforms just had the kind of week that makes people forget the last six months happened. Shares climbed approximately 6% on July 10, capping a weekly gain of around 15%, the company’s strongest showing since early 2024.

The catalyst? A combination of AI model launches and Mark Zuckerberg’s plan to build a cloud computing business that would put Meta in direct competition with Amazon and Microsoft.

From sluggish first half to sudden sprint

Meta shares were down nearly 12% year-to-date heading into early July 2026. On July 1, META shares spiked 9% to $612.91 after reports surfaced that the company is developing a cloud service designed to monetize its excess computing capacity.

The AI playbook that’s fueling optimism

Meta also opened developer access to its Muse Spark 1.1 AI model during this period, giving the market fresh evidence that the company’s AI research pipeline is producing tangible, shippable products.

Meta has been building out data centers and purchasing chips at scale. By offering cloud computing services to external customers, the company creates a revenue stream that directly offsets those infrastructure costs. It’s the same playbook Amazon ran when it turned its internal computing infrastructure into AWS, which now generates more operating profit than the rest of Amazon combined.

What this means for investors

The roughly 15% weekly gain is impressive, but even after this rally, the stock is still clawing back from a rough first half. The year-to-date deficit of nearly 12% that existed before this rebound hasn’t been fully erased in one good week.

Meta has a history of making bold strategic pivots. Some work out spectacularly, like its shift to mobile advertising in the early 2010s. Others, like the metaverse rebrand that gave the company its current name, have been more expensive lessons in patience. The cloud computing bet is grounded in existing infrastructure rather than speculative future technology, but it also requires Meta to build enterprise sales capabilities and trust with a customer base that currently has no reason to think of it as a cloud provider.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.