2 major developments at Meta may have just put a floor in on the struggling stock

Is now the time to step and buy shares of Meta Platforms ? If concerns about the monetization of artificial intelligence investments and the wait for new revenue streams were keeping you on the sidelines, then two major updates from the company may have just given you the green light. The first came during Meta's annual shareholder meeting late Wednesday, when CEO Mark Zuckerberg was asked about the possibility of entering the public cloud space. His response? "It's definitely on the table." He added that "almost every week there are different companies that come to us from outside asking us to both stand up an API [application programming interface] service or asking if we have compute that they could buy from us at some premium to what we've bought it at." When Zuckerberg uses the industry term "compute," he's talking about all the data center infrastructure needed to train and run AI workloads. Meta cloud? Zuckerberg's cloud commentary is material, not only for how shareholders like the Investing Club think about possible future growth opportunities, but for sentiment as well. Think back to last month, when Meta reported a monster quarter and the stock tanked. Sure, Meta increased its full-year capital expenditure guidance to a greater-than-expected range of $125 billion to $145 billion, up from between $115 billion and $135 billion. …