Meta Platforms Shares Rise 1.5% to $657.99 as AI Bond Sales Gain Traction
Meta Platforms shares climbed 1.5% to $657.99 at market open on March 2 despite escalating U.S.-Israel-Iran conflict, outpacing several Magnificent Seven peers. Meta also joined U.S. technology firms in executing sizable AI-related bond financings, a strategy mirrored by Oracle and contrasted by Alphabet’s $20 billion February issuance.
1. Market Rally Lifts Meta Shares
On March 2, Meta Platforms shares climbed 1.5% to $657.99 as Magnificent Seven stocks rallied at the U.S. market open despite escalating U.S.-Israel-Iran conflict, marking one of the stronger gains among major tech names.
2. AI-Related Bond Financing
Meta has executed sizable AI-related bond financings in the U.S. market, joining technology peers like Oracle, while Alphabet raised $20 billion in February, signaling growing reliance on debt to fund artificial intelligence initiatives.