Meta’s AI-driven surge adds $1tn in value: An undervalued titan among tech giants

In an unprecedented surge, Meta Platforms Inc. has capitalized on its artificial intelligence investments, propelling its market value by $1 trillion from its 2022 low. Despite this monumental rally, Meta's shares, trading at a slight discount relative to its tech peers, signal an undervalued giant among the Magnificent Seven tech conglomerates. With AI driving unparalleled gains and setting the stage for future growth, Meta's recent financials reveal a tripling in profits and a promising $50 billion buyback program. Portfolio managers and analysts alike spotlight Meta's strategic AI utilization in ad targeting and content recommendation as pivotal to its robust growth trajectory. Amidst a tech sector rebound, Meta's focus on efficiency and innovation positions it as a compelling investment, offering a blend of value and growth potential in the ever-evolving digital landscape.

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By Ryan Vlastelica and Carmen Reinicke

Meta Platforms Inc.'s record-breaking, artificial intelligence-fueled rally has added $1 trillion in market value since its darkest days of 2022, and yet by some perspectives it's still trading at a discount. 

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