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Meta Rallies as ARK Invest Swaps Alphabet for $28M META AI Bet

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The Story

News Summary

  • Cathie Wood's ARK Invest acquired $27.9 million worth of Meta Platforms shares while dumping an equivalent amount of Alphabet stock.
  • Meta's momentum is driven by its new autonomous AI assistant, Muse, and the acquisition of Swedish AI firm Stilla.ai, bolstering its AI monetization prospects.
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Stored market data

META price history

648.03 +5.98% over the displayed period

Advisor Snapshot

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