Rising for 17 consecutive days, setting a record on Nasdaq! Meta is the biggest target of the "DeepSeek impact" collective
In the past 17 days, Meta's stock price has risen nearly 20%. After DeepSeek overturned a number of tech stocks, investors have flocked to buy Meta. Following the release of an impressive Q4 financial report, the speed of Meta's stock price increase has further accelerated
Recently, Meta has skyrocketed.
Since January 16, Meta's stock price has been rising daily, setting a new record with 17 consecutive days of gains, and is expected to challenge an 18-day streak—far exceeding Meta's previous record of 11 consecutive days. As of yesterday's close of the U.S. stock market, Meta was priced at $725.38 per share, having risen nearly 20% over the past 17 days.
In January, DeepSeek "upended the U.S. stock market," but among the many declining tech stocks, Meta continued to rise— compared to the fluctuating stock prices of other Mag 7 companies, investors have been flocking to buy Meta, driving up its stock price.
Moreover, after releasing impressive Q4 financial results, the speed of Meta's stock price increase has further accelerated—according to the financial report, Meta achieved revenue of $48.385 billion in the fourth quarter, a year-on-year increase of 21%, with digital advertising accounting for 97% of the total. Meta also expects revenue growth of 8%-15% in the first quarter of 2025.
In the financial report, Meta stated that the company is expanding the use of its own chip MTIA, such as using MTIA for AI training—previously, this task was handled by NVIDIA GPUs.
Additionally, according to Forbes, Meta is currently in negotiations with South Korean chip startup FuriosaAI regarding a potential acquisition. FuriosaAI has secured approximately $115 million in venture capital funding, and its chips are specifically designed for inference.
Analysts believe that acquiring FuriosaAI could signify Meta's further reliance on custom chips. FuriosaAI Senior Vice President Alex Liu wrote in a recent blog post:
“NVIDIA is the pioneer, laying the groundwork for AI computing, while FuriosaAI is like SpaceX: an emerging company driving innovation at scale with more streamlined, targeted hardware that is faster and cheaper.”