Meta shares adds $240 billion in market cap during longest winning run ever

Meta shares adds 0 billion in market cap during longest winning run ever

Meta Platforms Inc. shares rose for a 12th consecutive session Tuesday, their longest winning streak ever, as investors cheer the social media giant’s artificial intelligence strategy.

The stock ended the session on Tuesday up 1%. The owner of Facebook has added roughly $240 billion in market value during the streak, bringing its market capitalization to nearly $1.8 trillion.

This is a “really big year” for Meta, Chief Executive Officer Mark Zuckerberg said last week, as he predicted that the company’s AI assistant will become the most widely used in the industry. The Menlo Park, California-based company also earmarked as much as $65 billion for AI-related investments in 2025.

The company, which has rallied almost 700% from its low in November 2022, is considered a net beneficiary from the DeepSeek AI update that rocked the majority of technology stocks last week. Analysts noted that Meta’s Llama series of AI models is open sourced, like the Chinese startup.

“The company looks extremely competent, being the only one of the ‘Magnificent 7’ to focus on an open-sourced model,” CFRA Research analyst Angelo Zino said. “Ultimately, the DeepSeek model should lead to faster AI product development and quicker return on investment for Meta.”

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