4 Reasons A New Record High Could Be Coming For Meta Platforms


  • The Meta stock has surged towards new heights this year before recently paring gains, as investors consider the impact of a raised capex guidance to facilitate AI developments.
  • Yet Meta’s prescient AI strategy has played a key role in not only restoring its competitive advantage in social media advertising, but also reinforcing its self-sufficiency in the AI-first era.
  • The company also remains well-positioned for upcoming cyclical tailwinds that should further narrow its valuation gap from comparable megacap peers at current levels.

Meta European head office

Derick Hudson

Meta Platform’s (NASDAQ:META) upsurge this year has led the stock to a near-40% premium over its previous peak set in 2021 before paring some gains following its 1Q24 earnings release. The Meta stock emerged as the

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