Meta shares hit all-time high as Mark Zuckerberg goes on AI hiring blitz
50d ago
Business
CNBC
Meta's stock price reached an all-time high on Monday, fueled by increasing investor confidence in the company's strategic shift towards artificial intelligence. This surge is directly linked to Mark Zuckerberg's recent announcement of a new AI superintelligence group within Meta, signaling a significant investment and focus on advancing AI technologies. The market's positive reaction reflects a belief that Meta's foray into AI could yield substantial future growth and innovation, despite previous concerns about the company's metaverse investments.