Meta Pursues 'Superintelligence' With New OpenAI Hires, Stock Climbs To Fresh Highs

Benzinga

Meta shares rose to an all-time high Monday after CEO Mark Zuckerberg unveiled plans to overhaul the company’s artificial intelligence division, according to Benzinga. The company launched Meta Superintelligence Labs, under the leadership of former Scale AI CEO Alexandr Wang, signaling a deeper push into advanced AI. A $14.3 billion investment in Scale AI and recruitment from OpenAI and Google has reinforced Meta’s commitment. Piper Sandler reaffirmed its Overweight rating on Meta in late June and raised its price target to $808. UBS and Citigroup also maintained Buy ratings, lifting their targets to $812 and $803. Shares rose 0.36% Monday afternoon, nearing their 52-week high. The stock is up about 25% in the second quarter of 2025.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Meta shares rose to an all-time high Monday after CEO Mark Zuckerberg

00:06unveiled plans to overhaul the company's artificial intelligence division, according to Benzinga.

00:10The company launched Meta Superintelligence Labs under former Scale AI COO Alexander Wing,

00:15sending it a deeper push into advanced AI.

00:18$14.3 billion investment in Scale AI and recruitment from OpenAI and Google

00:22have reinforced Meta's commitment.

00:24Piper Sandler reaffirmed its overweight rating on Meta in late June

00:27and raised its price target to $808.

00:30UBS and Citigroup also maintained buy ratings, lifting their targets to $812 and $803.

00:36Shares rose 0.3% Monday afternoon, nearing their 52-week high.

00:40The stock is up about 25% in the second quarter of 2025.

00:44For all things money, visit Benzinga.com.

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