US Stock Market Move | Meta Platforms (META.US) rose nearly 2%, hitting a new all-time high and surpassing a total market value of over $2 trillion for the first time.

On Friday, Meta Platforms (META.US) rose nearly 2% intra-day, hitting a new all-time high, with a total market value exceeding $2 trillion for the first time, becoming the 6th listed company in the U.S. with a market value of over $2 trillion. On the news front, it was previously revealed by sources that with the increasingly fierce competition in the artificial intelligence infrastructure race, Meta has selected The Pacific Investment Management Company (Pimco) and Blue Owl Capital Inc. to lead the $29 billion financing for its data center expansion project in rural Louisiana.