On Wednesday, Meta Platforms, Inc. shares surged 8.81% after a report said the company is developing a cloud computing business aimed at monetizing its vast artificial intelligence infrastructure. Meta is building an internal initiative known as Meta Compute, exploring two offerings: letting developers access AI models hosted on Meta’s infrastructure, and selling raw computing capacity to businesses. Reacting to the news, CNBC’s Jim Cramer wrote on X, “I reiterate what I have been telling club members. This Meta news is worth $100.” In a separate post, Cramer questioned why the market reaction was not stronger, stating, “I find it difficult to believe that Meta was up only 49 points when it is getting into the most lucrative game, business-to-business at 18x eps????” Meta shares closed Wednesday at $612.91, up $49.62, or 8.81% and declined 0.13% to $612.10 in after-hours trading. Futurum Group CEO Daniel Newman called the move “a smart business move that allows it to invest ferociously while mitigating risk.” Meta told investors in April that it expects to spend as much as $145 billion on capital expenditures this year.