Meta’s stock has shown sharp volatility around its July 1–2 announcement that it will rent and sell excess AI computing capacity through a new cloud infrastructure business, initially lifting shares as much as 8–10% before a broader pullback. Traders are weighing this strategic shift against ongoing heavy 2026 capital-expenditure guidance of $125–145 billion for AI infrastructure, which has already pressured multiples despite strong advertising revenue growth. With the next earnings report scheduled for July 29, the abbreviated trading week beginning July 6 offers limited catalysts beyond any follow-on commentary on compute monetization or AI model progress, leaving near-term price action sensitive to broader tech sentiment and execution signals on the new cloud initiative.