Run away, Forest-kun, run away! META stock could go well above $500.

When stocks rise significantly, meta platform (NASDAQ:meta) Even when the stock runs out, there is always the anxiety of whether to sell or avoid. You might even hear a warning from a famous hedge fund manager. If you look at the facts, you can be sure that the meta platform will flourish in his 2024.

You’ve probably already heard about Meta Platforms’ strong quarterly results, new dividend, and large share repurchase program. All of this is a strong bullish factor for Meta Platform stock, earning it an ‘A’ rating from us. But get ready, because more positive news is currently being reported regarding the meta platform.

Metaplatform has big plans for AI in July

July could be a landmark month for meta platforms. At that time, we plan to release a new artificial intelligence large-scale language model version called Llama 3.

Currently, Llama 2 powers AI chatbots on Meta Platforms’ social media platforms. Although Llama 2 is very robust, Llama should provide better responses to user queries, especially when it comes to controversial topics.

Llama 2 is already strong, but it avoids answering questions in controversial terms. Llama 3 should have more advanced intelligence in this area.

For example, Rama 3 will help you understand that “how to stop a car engine” is not a controversial question about death. Just a question about how to stop the engine.

If Llama can successfully navigate the potentially controversial phrases, it will be a huge step forward for Meta Platforms’ LLM technology.

Metaplatform and important partnerships

Meanwhile, Metaplatforms CEO Mark Zuckerberg appears to be looking to strengthen strategic alliances with Korean technology and hardware companies. LG Electronics.

according to ReutersMr. Zuckerberg met with LG Electronics executives on February 28 and “discussed the possibility of a stronger partnership in augmented reality devices and cooperation in artificial intelligence.”

The meeting with LG Electronics was bloomberg, Zuckerberg called it “the final stop on an Asian tour that took the billionaire founder from Tokyo to Seoul.” But how will Metaplatform and LG Electronics strengthen their cooperation?

LG Electronics’ statement provides some insight into this. “LG envisions a unique ecosystem in XR by integrating Meta’s platform with unique content and service capabilities from its TV business. [extended reality] domain,” the South Korean company said in a statement.

It will be interesting to see if this partnership helps Meta Platforms produce a more advanced version of its Quest virtual reality headset in the coming quarters. Over time, Meta Platforms and LG Electronics may jointly accelerate the development of various AI-enhanced VR products.

Metaplatform Stock: What’s Next After $500?

Metaplatform stock recently hit $500, and some may be worried about a possible pullback. However, over the long term, Meta Platforms’ relentless pursuit of best-in-class technology should deliver continued value to shareholders.

As long as Meta Platforms is committed to advancing the latest and greatest in AI and VR technology, investors have nothing to worry about. Going forward, be prepared to test META stock above $500, $600, $700, and increasingly higher price points.

On the date of publication, neither Louis Navellier nor the InvestorPlace research staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article.