Story perspectives

Meta Unveils Compute Platform, Forecasts $135B Capex, Shares Jump

7/2/2026

Summary

Story summary

Meta launched Meta Compute, led by Santosh Janardhan, Daniel Gross and President Dina Powell McCormick, to sell compute via Muse Spark models and raw GPU rentals.
Meta forecast 2026 capex of $125-$145 billion, Q1 capex of $19.84 billion, and saw its shares rise about 10 % on July 1, 2026, adding $149 billion in market value.
CoreWeave and Nebius stocks fell 13-16% as investors priced in competition, while deals totalling $62.2 billion represent about 46 % of the capex midpoint.

History

Historical Context

In March 2006 Amazon Web Services launched S3, followed by EC2 in August, creating the first on-demand cloud platform. The service grew to control about 31% of the global cloud-infrastructure market by 2023, establishing a model that competitors emulate. In 2026 Meta introduced its Meta Compute suite, led by Santosh Janardhan, Daniel Gross and Dina Powell McCormick, mirroring AWS’s early GPU-rental and AI-service strategy.

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Story summary

Meta launched Meta Compute, led by Santosh Janardhan, Daniel Gross and President Dina Powell McCormick, to sell compute via Muse Spark models and raw GPU rentals.
Meta forecast 2026 capex of $125-$145 billion, Q1 capex of $19.84 billion, and saw its shares rise about 10 % on July 1, 2026, adding $149 billion in market value.
CoreWeave and Nebius stocks fell 13-16% as investors priced in competition, while deals totalling $62.2 billion represent about 46 % of the capex midpoint.

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