Meta Platforms Inc META is rewriting the record books. The stock notched its 16th straight winning session on Monday, the longest streak among the Magnificent Seven.

At $717.40, it's knocking on the door of its all-time high of $725.01—and Wall Street can't seem to get enough.

Resilient to AI Jitters, Thriving on AI Growth

Even as AI-driven sell-offs rattled the tech sector — like when Chinese startup DeepSeek blindsided Nvidia Corp NVDA — Meta held its ground.

Unlike chipmakers, who live and die by AI hardware demand, Meta has AI-powered Advantage+ shopping ads, which grew 70% last quarter and hit a $20 billion annual run rate.

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Zuckerberg's Performance Purge

Despite the stock's relentless climb, not all is smooth sailing inside Menlo Park. Meta is axing 3,000 employees this week in a performance-driven purge. CEO Mark Zuckerberg has warned that 2024 and 2025 will be "challenging years" as the company doubles down on AI and metaverse bets.

Zuckerberg elaborated on comedian Joe Rogan‘s podcast, saying he planned to replace mid-level engineers at his company with AI systems.

Wall Street doesn't seem to care. Unlike past layoffs that spooked markets, investors see this as a leaner, meaner Meta primed for efficiency and growth.

Meta Stock Chart Screams ‘Bullish'

With Meta trading above its eight, 20, 50 and 200-day simple moving averages, the trend is undeniably bullish. Even the MACD (moving average convergence/divergence) indicator at 28.12 and RSI (relative strength index) at 80.22 suggest strong momentum—though an RSI that high could mean it's getting overheated.

What's Next?

With Nvidia's earnings still on deck, the AI trade could see fresh volatility.

But for now, Meta remains the only Mag 7 stock that rallied after earnings, and bulls aren't blinking. The question is: can this streak keep running, or is a breather overdue?

Read Next:

• Amazon’s AI Bet Is Big, But Will Investors Stick Around For The ‘Lumps’?

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