Meta Platforms (Facebook)

META

Market cap $1.63T

A key report on Nov. 25 announced that Meta is exploring the possibility of using artificial intelligence (AI) chips developed by two of the world's biggest names in technology.

This stock is the cheapest of the Magnificent Seven tech stocks that have led S&P 500 gains in recent years. This player has a solid track record of benefiting from its investments.

Artificial intelligence (AI) stocks continue to fuel the bull market rally into the end of the year. These three stocks have more to gain from advancements and the adoption of AI services.

Nvidia has a long runway of growth ahead as the AI infrastructure buildout continues. Meta Platforms has been using AI to drive growth.

Meta and Microsoft shares have struggled for momentum over the past three months but rode improving market sentiment this week.

Meta Platforms (META) reported earnings 30 days ago. What's next for the stock?

Bullish stock market predictions for next year are starting to ramp up as artificial intelligence (AI) continues to reshape the economy.

Meta Platforms has a track record of swift rallies. The stock rose more than 50% within a two-month period on six different occasions, notably in 2012 and 2023.

Barton Crockett, senior research analyst at Rosenblatt Securities, joins CNBC's 'Squawk Box' to discuss how Meta is seeing a good return on its AI investments, how Amazon is also benefiting from AI enthusiasm, and more.

Meta Platforms (META) is attractively valued, with strong fundamentals and resilient growth despite recent stock underperformance and macro headwinds. META's ad business remains robust, benefiting from efficient targeting and global exposure, with currency trends providing a revenue tailwind. Recent earnings were solid, with revenue up 26% YoY and management guiding for continued double-digit growth.