Amid the boom in artificial intelligence spending, one key factor has separated Meta Platforms (NASDAQ: META) from the other Magnificent Seven hyperscalers: cloud computing. Microsoft (NASDAQ: MSFT), Amazon.com (NASDAQ: AMZN), and Alphabet (NASDAQ: GOOGL) all have massive cloud computing businesses. The model is relatively simple: customers pay to run workloads through their Microsoft Azure, Amazon Web Services, and Google Cloud segments.
Interestingly, Meta CEO Mark Zuckerberg has indicated that the company’s absence from this market could change. According to reports from Meta’s annual shareholder meeting, Zuckerberg said that entering the cloud computing market is “definitely on the table."
