Meta’s AI Leads to 350% Growth, Beating Alphabet and Apple Since 2022

Meta’s AI strategy has led to a 350% rise since 2022, which is faster than tech giants like Alphabet and Apple.

Even though it didn’t do well two years ago, Mark Zuckerberg’s Meta is up almost 350% since 2022. This is because its AI strategy has helped it beat some of the biggest names in tech.

The company has grown faster than big names like Apple and Alphabet over the last few years.

This could potentially continue for the company as its Q3 earnings report is approaching. The company has remained innovative by adapting to changes in the sector and growing demand.

The company just recently released its Orion augmented reality glasses, which shows that it is still committed to growth and expansion.

For most of the past year, the information technology industry has been the center of attention. Companies want to use the technology that made Nvidia‘s stock go up 190%, which is why the chipmaker is in such high demand. Still, very few businesses have been able to make that change successfully.

Microsoft has done well, but some of its products have failed. One more product, Meta, has shocked the market with a sharp change.

Meta has grown by 350% since 2022, thanks to its use of AI, which has led to huge gains. In particular, the business has grown by more than 560% since its lowest point two years ago.

In the past 24 months, only Nvidia’s gains of 1,052% have been greater than Meta’s. The main reason is that it has taken a lot of steps to cut costs and incorporate AI, which has strengthened its position as one of the most cutting-edge companies in its field.

Zuckerberg Highlights AI’s Role in Meta’s Future

In July, Mack Zuckerberg expressed his belief that artificial intelligence (AI) would play a significant role in the company’s future.

He said on the earnings call that month, “On both Facebook and Instagram, progress in AI continues to improve the quality of recommendations and drive engagements.”

He also said, “We keep finding that content recommendations improve overall as we make more general recommendation models.” At the moment, most analysts think the stock is a worthy buy.

The stock price, which recently reached an all-time high, may be poised for another surge now that Q3 earnings are beginning to flow in.