Meta Platforms stock hit an all-time high on Friday due to artificial intelligence developments

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

Meta Platforms, Inc (META) stock hit a record high of $535.69, driven by its artificial intelligence focus. Meta introduced a new AI method that predicts multiple words simultaneously, improving language understanding. The company plans to use generative AI in virtual reality games to enhance metaverse experiences. Meta’s Threads now has over 175 million monthly users, catching up to X. Analysts predict increased GPU investments and growth for Meta stock, which has risen 80% in the past year. Investors can access META through ETFs like XLC and IWF.



Read more at Benzinga: Meta Platforms Stock Hits All Time High On Friday – What’s Going On? What’s Going On With Meta Platforms Stock On Friday? – Meta Platforms (NASDAQ:META)