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Meta Platforms Stock (META) Closes at Record as Company Touts ‘Superintelligence Labs’

Meta Platforms Stock (META) Closes at Record as Company Touts ‘Superintelligence Labs’

Meta Platforms (META) stock closed at a record high on June 30 as the company touted its new superintelligence group.

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META stock reached an intraday record of $747.90, topping the previous stock market record set in February of this year before closing at an all-time high of $738.09 per share. Meta Platforms joins fellow mega-cap technology companies Microsoft (MSFT) and Nvidia (NVDA) in hitting new highs to close out the year’s first half, and as the benchmark S&P 500 index itself hits record highs.

The record levels for META stock comes as company CEO Mark Zuckerberg continues to poach top artificial intelligence (AI) talent from rival technology firms and promoted the creation of the company’s “Superintelligence Labs,” which will advance AI research and be led by some of Meta’s most recent high-profile hires, including Scale AI’s former CEO Alexandr Wang and former GitHub CEO Nat Friedman.

Next Level

In a memo to staff that was leaked to the media, Zuckerberg said that the new AI superintelligence unit will work to take the technology giant’s AI products to the next level. Specifically, the teams working at the Superintelligence Labs will work on foundation models such as the open-source Llama software, and Fundamental Artificial Intelligence Research (FAIR) projects.

“Meta is uniquely positioned to deliver superintelligence to the world. We have a strong business that supports building out significantly more compute than smaller labs. We have deeper experience building and growing products that reach billions of people… And our company structure allows us to move with vastly greater conviction and boldness,” wrote Zuckerberg in the memo to employees.

Earlier in June, Meta Platforms announced a $14.3 billion investment in Scale AI. META stock has risen 26% so far in 2025.

Is META Stock a Buy?

The stock of Meta Platforms has a consensus Strong Buy rating among 46 Wall Street analysts. That rating is based on 42 Buy, three Hold, and one Sell recommendations issued in the past three months. The average META price target of $720.24 implies 1.83% downside from current levels.

Read more analyst ratings on META stock

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