Meta’s October 2025 Shockwave: AI Gambits, Sky-High Stock & Bold New Bet$ Unveiled
Meta stock traded near record highs in late October, lifting its market cap to about $1.8 trillion. The company announced a $27 billion data center joint venture in Louisiana and agreed to acquire AI chip startup Rivos for around $2 billion. Meta laid off about 600 staff in its Superintelligence AI lab after aggressively recruiting top AI talent. Q2 2025 revenue rose 22% to $47.5 billion.