Meta Platforms, previously known as Facebook, has seen a surge in its stocks as the U.S. Federal Court upheld a ruling banning TikTok, its rival in the social media space. With the ban on TikTok remaining in place, Meta's stock hit all-time highs banduring significant gains. Furthermore,
Meta's AI innovations are seen to drive future growth, with the company's chatbot nearing
600 Million monthly users. Wall Street strongly believes Meta Platforms is a great investment.
Analysts have predicted a continuous rise in stocks with possible value reaching $2 Trillion by 2025. Additionally, the stocks have caught the attention of Billionaire Quant for maintaining a strategic place in investment portfolios. The company's legal officer selling $538,475 in stock barely affected its bullish outlook.
Meta's Llama 3.3 release coincided with an 80% year-to-date stock surge. Despite a fine of $800M imposed by EU for antitrust violations, the company continues to grow its investments in AI. Among the tech stocks, Meta has been robust with a year-on-year rise of 67%. Through all of this, Meta shows promise of steady growth, making it a strong contender for long-term investment with continuous innovations in AI-powered products and advertising.
Meta Platforms Stocks News Analytics from Thu, 05 Sep 2024 07:00:00 GMT to Sat, 07 Dec 2024 18:11:52 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor 1
