Meta shares rose to an all-time high Monday after CEO Mark Zuckerberg unveiled plans to overhaul the company’s artificial intelligence division, according to Benzinga. The company launched Meta Superintelligence Labs, under the leadership of former Scale AI CEO Alexandr Wang, signaling a deeper push into advanced AI. A $14.3 billion investment in Scale AI and recruitment from OpenAI and Google has reinforced Meta’s commitment. Piper Sandler reaffirmed its Overweight rating on Meta in late June and raised its price target to $808. UBS and Citigroup also maintained Buy ratings, lifting their targets to $812 and $803. Shares rose 0.36% Monday afternoon, nearing their 52-week high. The stock is up about 25% in the second quarter of 2025.
