Meta’s stock had a tough year, remaining flat while the Nasdaq-100 surged 18%. However, the trend reversed sharply with the stock enjoying its strongest weekly gain since early 2024. Shares increased about 6% on Friday and roughly 15% throughout the week, reports CNBC. This surge was notable as it wasn’t fueled by advertising revenue, which is Meta’s core business. The company shared new plans with investors on how it intends to recover its AI spending, sparking renewed confidence.
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