This Magnificent Artificial Intelligence (AI) Stock Seems Destined to Follow Nvidia to the $1 Trillion Club

It's clear that 2023 was the year of artificial intelligence (AI), an excitement over technology not seen since the internet's early years. That frenzy helped catapult such AI stocks as Nvidia some 240% higher and into the tiny and exclusive club of companies with a market capitalization over $1 trillion.

Fellow technology giant Meta Platforms (NASDAQ: META) is no slouch. Shareholders should be pleased after the stock rallied 200% over the past year. Yet, investors still might be overlooking the stock's potential in 2024.

Meta, worth just over $900 billion today, is knocking on the trillion-dollar door that Nvidia recently walked through. Below, I'll show why Meta will likely be worth well beyond $1 trillion this year.

Source Fool.com

Meta Platforms Inc. Stock

We can see a decrease in the price for Meta Platforms Inc.. Compared to yesterday it has lost -€9.200 (-1.950%).
With 8 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 515 € there is a slightly positive potential of 11.14% for Meta Platforms Inc. compared to the current price of 463.4 €.

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