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AI-Driven Growth, Strategic Investments Propel Meta Platforms' Potential
Meta PlatformsMeta Platforms(US:META) GuruFocusยท2024-06-18 13:01

Meta Platforms Inc. (META, Financial) has experienced a significant surge so far this year, pushing the stock to nearly a 40% premium over its previous peak set in 2021, primarily due to its comeback in the social media advertising space after Apple's (AAPL, Financial) App Tracking Transparency update, which had severely impacted its targeting capabilities. Figure 1: Meta Platforms' shares up 44% year to dateDespite this recovery, the first-quarter earnings season has generally been disappointing, and inves ...