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Meta Stock Had a Lousy First Half. Here’s Why the Tech Giant’s Shares Are Rising Again
Meta’s shares have taken off to start the second half of the year.Credit: Getty ImagesKey TakeawaysMeta led S&P 500 gainers on Friday as Wall Street welcomed its push to monetize the hundreds of billions its spending on AI infrastructure.Shares are up nearly 20% so far this quarter, rebounding after posting one of the worst first-half performances among mega-cap tech stocks.Meta was the best-performing stock in the S&P 500 on Friday as investors continued to cheer the social media giant’s push to monetize its AI investments. In an internal memo, Meta (META) laid out plans to double its cloud…
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