Why Meta Platforms Stock Surged This Week
Shares of Meta Platforms (NASDAQ: META) climbed about 15% this past week after the social media and cloud computing colossus disclosed some exiting developments.
Image source: The Motley Fool.
Meta will launch a custom-designed artificial intelligence (AI) chip in September, according to a Reuters. The new chips are part of the cloud giant's plans to increase its computing capacity to 14 gigawatts (GW) in 2027 from a projected 7 GW in 2026.
Source Fool.com
Meta Platforms Inc. Stock
€482.65
3.440%
We see a rather positive sentiment for Meta Platforms Inc. with 12 Buy predictions and 1 Sell predictions.
As a result the target price of 645 € shows a positive potential of 33.64% compared to the current price of 482.65 € for Meta Platforms Inc..
