Meta Platforms ( (META) ) has been popular among investors this week. Here is a recap of the key news on this stock.
Meta Platforms is making strategic moves to expand its influence in the defense sector by hiring former Pentagon officials and enhancing its AI and virtual reality services for military use. This initiative follows the opening of Meta’s Llama AI model for military applications, indicating the company’s ambition to compete with other tech giants like Google and OpenAI in securing government contracts. By recruiting experts with security clearances and engaging with national security agencies, Meta aims to sell its AI and VR products to federal entities, including the Pentagon, thereby tapping into the lucrative defense market.
In addition to its defense sector ambitions, Meta Platforms is also focusing on strengthening its political connections in Washington, D.C. The company has recently appointed Francis Brennan, a former Trump advisor, to lead its communications efforts in the capital. This move is part of a broader strategy by CEO Mark Zuckerberg to improve Meta’s image and gain favor with the Trump administration, especially as the company faces a federal antitrust lawsuit. Analysts remain optimistic about Meta’s future, with a strong buy recommendation and a potential upside of nearly 17% in its stock price, reflecting confidence in the company’s growth prospects in AI and virtual reality.