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S.D Ragawani
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Meta adds $235 bn of value in winning streak as investors cheer AI bets The stock is up 1.1 per cent Tuesday. If the gains hold through end of the session, the owner of Facebook will have added more than $235 billion in market value during the streak The company, which has rallied almost 700 per cent from its low in November 2022, is considered a net beneficiary from the DeepSeek AI update that rocked the majority of technology stocks last week. Analysts noted that Metaโs Llama series of AI models is open sourced, like the Chinese startup. โThe company looks extremely competent, being the only one of the โMagnificent 7โ to focus on an open-sourced model,โ CFRA Research analyst Angelo Zino said. โUltimately, the DeepSeek model should lead to faster AI product development and quicker return on investment for Meta.โ
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