Reported 23 days ago
Meta Platforms is positioning itself as a strong contender to join the elite $2 trillion valuation club by 2026, alongside giants like Nvidia, Apple, Microsoft, Amazon, and Alphabet. With a current market cap of $1.45 trillion, Meta's focus on artificial intelligence and innovative features for its social media platforms is driving user engagement and ad revenue. The company generated record revenue of $40.6 billion in the third quarter of 2024 and plans to heavily invest in AI to enhance its capabilities, setting a feasible path to significant growth and potential entry into the $2 trillion club.
Source: YAHOO