Meta (META) Stock Surges on Massive AI Bets – Can the Rally Last?
Meta shares traded near $733 in late October, just below August’s all-time high. Q2 revenue hit $47.52 billion, up 22% year-over-year, with net income of $18.34 billion. The company announced a $27–30 billion Louisiana data-center joint venture and a $2 billion deal to acquire AI chipmaker Rivos. Meta faces new EU ad restrictions and ongoing U.S. antitrust scrutiny.