), have demonstrated significant growth in 2023. Among them, Meta Platforms, formerly known as Facebook, has been the standout performer with its shares soaring more than 155%. This substantial increase is largely attributed to strong quarterly updates.
Meanwhile, other FAANG stocks are also set for continued growth. Increased adoption of artificial intelligence is anticipated to favor Amazon and Alphabet as organizations increasingly utilize their cloud platforms. Apple's investment in generative AI and potential profits from the self-driving car market could further enhance its performance.