Reported 25 days ago
Meta Platforms' stock has continued its remarkable performance, closing higher for the 20th consecutive day, marking a significant achievement among the 'Magnificent Seven' stocks. With a year-to-date increase of 25.8%, Meta's stock has outperformed its peers, such as Amazon and Tesla, which have experienced much smaller gains or losses. The positive response to Meta's earnings report and aggressive investments in AI, coupled with recent layoffs aimed at boosting efficiency, have heightened investor optimism.
Source: YAHOO