Meta stock price remains above $500 amid rising social

Meta stock price remains above $500 amid rising social media ad spend forecasts. Industry analysts expect Meta to capture 48% of global social ad revenue by year-end, supporting growth in operating margins. On top of this, Citi sees Meta’s latest AI glasses as a major catalyst for the company. The analyst believes that adoption of AI glasses could reach a ‘tipping point’ in 2026 as the device capabilities increase. Of course, recent weeks have been a bit bumpier. In the past month, Meta’s stock dipped by 2.4%, and it is down 4.2% over the last week. Some of that may be nerves around heightened regulatory and legal risks, especially after a U.S. judge let lawsuits proceed over Meta’s connection to gambling apps. Meanwhile, there’s also excitement: Meta just inked a deal with CoreWeave for up to $14.2 billion in computing power and is reportedly acquiring chips startup Rivos to advance its AI strategy. Combine that with fresh competition as Apple shifts its focus to smart glasses, and you have a cocktail of innovation and risk reshaping the narrative. Meta stock price edged 1.3% higher today, closing at $508.75, amid bullish tech market sentiment. Options market data show increased call buying for the $520 strike, indicating traders anticipate a breakout over the next two weeks.