Meta shares adds $240 billion in market cap during longest winning run ever

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Meta Platforms Inc. shares rose for a 12th consecutive session Tuesday, their longest winning streak ever, as investors cheer the social media giant’s artificial intelligence strategy.

The stock ended the session on Tuesday up 1%. The owner of Facebook has added roughly $240 billion in market value during the streak, bringing its market capitalization to nearly $1.8 trillion.

This is a “really big year” for Meta, Chief Executive Officer Mark Zuckerberg said last week, as he predicted that the company’s AI assistant will become the most widely…



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Meta shares adds $240 billion in market cap during longest winning run ever



Meta Platforms Inc. shares rose for a 12th consecutive session Tuesday, their longest winning streak ever, as investors cheer the social media giant’s artificial intelligence strategy.

The stock ended the session on Tuesday up 1%. The owner of Facebook has added roughly $240 billion in market value during the streak, bringing its market capitalization to nearly $1.8 trillion.

This is a “really big year” for Meta, Chief Executive Officer Mark Zuckerberg said last week, as he predicted that the company’s AI assistant will become the most widely…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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