Meta (META) inventory rose on Monday, leaving intact a record-breaking successful streak for the social media big.

With Monday’s session, Meta shares have risen for 16 consecutive full periods, the longest streak of any of the Magnificent Seven shares. Put one other approach, Meta inventory hasn’t had a down day since Joe Biden was president.

Meta inventory has confirmed resilient to a slew of developments which have shaken different tech shares in latest weeks. Shares rose almost 2% the day Chinese language start-up DeepSeek sparked a significant AI inventory sell-off; AI chipmaker Nvidia (NVDA) lost more than $600 billion of market worth that day.

Meta workers on Monday have been getting ready for the start of a spherical of performance-based layoffs that CEO Mark Zuckerberg introduced final month. Executives have stated they’re aiming to let go of about 5% of the corporate’s greater than 74,000 workers.

Meta dodged the DeepSeek rout partly as a result of the social media firm, which generates almost all of its income from promoting, is seen by buyers as extra of a shopper of AI than a supplier of it. It could even have helped that the DeepSeek mannequin that shocked Wall Road was, like Meta’s Llama, open-source.

Shares rose 1% the day after Meta topped fourth-quarter earnings estimates, making it the one Magnificent Seven firm to see its shares rise after reporting outcomes. (Nvidia is the one Magazine Seven firm left to report.) On the corporate’s earnings name with analysts, executives emphasised that each customers and advertisers are increasingly turning to its AI products: Meta’s AI-powered Benefit+ purchasing service grew 70% within the quarter and reached a $20 billion annual income run fee, in response to CFO Susan Li.

Even the corporate’s plan to increase its AI spending by about 50% this 12 months—the type of aggressive spending that has spooked buyers in tech giants like Microsoft (MSFT) and Alphabet (GOOG)—hasn’t dented Wall Road’s enthusiasm for the inventory. 

Replace—February 10, 2025: This story has been up to date to mirror Meta inventory’s efficiency on Monday.