TradingKey – Meta Platforms(META) soared to a new all-time high on Monday, June 30, hitting an intraday peak of $747.90 before closing up 0.61% at $738.09. The rally was fueled by a major restructuring of its AI division, signaling Meta’s deepening commitment to artificial intelligence. (To find out which institutions hold Meta stocks, please check "star investors ")

Meta Stock Price Chart – Source: TradingView.

CEO Mark Zuckerberg announced that all AI teams will now operate under a newly formed unit called Meta Superintelligence Labs. The group will be co-led by Nat Friedman, former CEO of GitHub, and Alexandr Wang, former CEO of Scale AI. Friedman will oversee AI products and applied research, while Wang will serve as Chief AI Officer, focusing on long-term superintelligence development.

The move comes amid renewed investor enthusiasm for AI. Last week, NVIDIA  (NVDA) gained over 10%, pushing its market cap to a staggering $3.85 trillion. While NVIDIA’s stock saw some consolidation on Monday, Meta picked up the momentum, reflecting a broader market rotation within the AI sector.

Tesla CEO Elon Musk has also expressed optimism about AI’s trajectory, stating that the technology could lead to “economic surplus and massive growth within the next decade.”

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