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Meta shares hit new high amid AI surge
Meta's shares recorded their highest daily performance in over a year, increasing by 11.45% to reach $741.25, driven by growing interest in its artificial intelligence strategy and the success of its assistant, "MUSE." This rise boosted the company's market value to $1.88 trillion, with Wells Fargo projecting additional gains reaching $796 per share in the future. Meta announced plans to launch a new submarine cable called "Beetal" connecting the United States and France, scheduled to be operational in 2029 to enhance the infrastructure supporting artificial intelligence.
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