Meta Pursues 'Superintelligence' With New OpenAI Hires, Stock Climbs To Fresh Highs

Benzinga
2025.06.30 18:54
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Meta Platforms Inc's shares reached an all-time high, driven by CEO Mark Zuckerberg's plans to restructure the AI division and develop 'superintelligence.' The formation of Meta Superintelligence Labs, led by Alexandr Wang, and a $14.3 billion investment in Scale AI have boosted investor confidence. Analysts have raised price targets, with Piper Sandler at $808, UBS at $812, and Citigroup at $803. META shares are trading at $736.29, up 25% in Q2 2025, reflecting strong market sentiment towards the company's AI initiatives and sustainable energy investments.