BUZZ-Meta Platforms on track for 20th session in row of gains

Shares of Meta Platforms META.O are up 1% at $735.77 on Fri, hitting another all-time high and putting the stock on track for its 20th straight session of gains

META now up about 26% YTD compared with a roughly 3.3% gain in the Nasdaq .IXIC and 3.8% gain in the S&P 500 .SPX

In its January 29 release, Meta beat Wall Street expectations for Q4 rev but predicted sales in the current 1st qtr may not meet forecasts

Yet, Meta CEO Mark Zuckerberg said on a post-earnings call that "investing 'very heavily' in capital expenditure and infrastructure is going to be a strategic advantage over time."

Investors have been looking more closely at AI at U.S. companies following a surge in popularity of Chinese AI model DeepSeek in late January