Meta Platforms stock reaches all-time high on focus of AI development, plans for metaverse

From TradingView: 2024-07-05 13:23:28

Meta Platforms, Inc (META) stock reaches all-time high of $535.69 as U.S. Big Tech focuses on AI development. New multi-token prediction approach enhances language model training, reducing time and improving performance. Meta plans to incorporate generative AI into VR and AR games for metaverse strategy. Threads rapidly grows with 175 million monthly users, challenging Twitter’s X. Analysts predict increased GPU investments to integrate generative AI for content monetization. Exponential stock growth makes Meta an attractive investment option via XLC and IWF ETFs. META shares trading at $533.69, up 4.65%.



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