Meta Platforms, Inc. stock surges to record high on plans to invest in AI infrastructure.

From Nasdaq: 2025-02-18 15:05:00

Meta Platforms, Inc. (META) has seen its stock surge, with 20 consecutive days of gains and a record high share price of $736.67. The company plans to invest $60-65 billion in AI infrastructure, focusing on AI-powered humanoid robots and the highly personalized Meta AI assistant. Meta is set to compete with tech giants like Microsoft, OpenAI, and Alphabet in the AI market.

Brokers are optimistic about Meta’s stock, setting a short-term price target of $743.55 with a potential upside of 26.9%. With a dividend yield of 0.27% and consistent dividend payouts, investors are advised to hold onto Meta stock for its growth potential. The company has over 3.3 billion users across its apps, giving it a strong position for future performance.

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Read more at Nasdaq: What’s Behind Meta’s Record Rally? Should We Stay Invested?