Meta Platforms (NASDAQ:META) is making significant strides in the tech industry by ramping up its investment in artificial intelligence and wearables. The company plans to increase its annual capital investment to between $60 billion and $65 billion by 2025. This strategic move aims to enhance creator tools within its ecosystem, which advertisers use to create marketing materials and run ad campaigns.
Meta is also deploying more of its custom ASICs, known as MTIA, in its data centers. This initiative is designed to improve the total cost of ownership for its computing needs, demonstrating Meta's commitment to embracing the higher costs associated with advanced computing technologies. The company's focus on AI and wearables is part of its broader strategy to maintain a competitive edge in the tech industry.
In January, Meta's stock experienced a notable increase of 18%, driven by several factors. The potential ban on TikTok could reduce competition in the social media space, benefiting Meta. Additionally, the company's favorable relationship with President Donald Trump may positively impact its operations and policies. Meta's increased investment in AI and the revelation of DeepSeek have also contributed to the positive sentiment around the stock.
Currently, META's stock price on the NASDAQ is $711.74, reflecting an increase of approximately 0.97%. The stock has risen by $6.87 today, with a trading range between $703.50 and $718.90. The latter marks its highest price over the past year, while the lowest was $414.50. Meta's market capitalization is approximately $1.8 trillion, with a trading volume of 6,889,783 shares.
