According to reports, Meta Platforms (META) may pay AI infrastructure providers CoreWeave and Nebius more than $62 billion to acquire AI computing power. Meanwhile, reports indicate that Meta is developing its own cloud business and plans to sell its idle AI computing power, a move that could position it as a future competitor to CoreWeave and Nebius. Following the news, CoreWeave’s stock price fell 10.8%, while Nebius’s dropped 12.4%.