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CoinGape

Meta Stock Soars As Company Challenges Open AI With New Launch

CoinGape
Summary
Nutrition label

70% Informative

Meta Stock is up on the back of the company’s announcement to launch a new AI model.

New AI model called Movie Gen can create seemingly real videos and audio clips based on prompts given by the user.

This is significant as it is set to position Meta as a leader in the AI sector.

The stock has already performed impressively this year , with a year-to-date ( YTD ) gain of over 65% .