The last several years have seen artificial intelligence dominate Wall Street demand. Yet, the ongoing arms race for development in the emerging technology has yet to see a clear winner established. That’s something META is hoping to change, as the company is looking to develop an industry-standard AI bot that could propel its stock to a $900 price.
The company has been one of the biggest winners of the year so far. It had enjoyed a 20-week gaining streak that had the stock skyrocketing in value. With its focus squarely on AI development, it is looking to be the leading developer for the sector that is expected to play a premiere role in all tech facets in the coming years.
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META Buidlign AI Assistant for Businesses of All Sizes and Its Stock Should Get The Benefit
The Mark Zuckerberg-led META has been the outlier of a struggling year so far. Wednesday, the stock was up more than 2.5%, continuing an impressive winning streak. Indeed, the company is up more than 300% in the last two years as the stock eyes its very first split in 2025.
A big reason for the belief in the company is its emerging artificial intelligence ventures. Specifically, META is developing what they believe could be an industry-standard AI bot that could very well push the stock price to the $900 mark.
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META introduced its AI-powered digital assistant in September 2023 on its Instagram, Messenger, and WhatsApp platforms. Moreover, it is working to create a stand-alone application that works independently of those. With more than 700 million active users, Mark Zuckerberg expects that figure to surpass 1 billion by the end of 2025.
“In the near future, we believe the majority of businesses will have an AI interacting with customers on their behalf,” the company said. “Large companies know this and are investing in complex software and information technology teams to roll out their AI solutions. Our goal at META is to make AI accessible to all businesses regardless of size—just like we did for ads.”
The company hopes for that accessibility to arrive with increased adoption. If companies of all sizes are using its AI solutions, then all companies would be embracing their product. That could be a big part in propelling the stock towards its high-end price projection of $900, according to CNN. That would indicate a 38% increase over its current position.