Meta gained 17% in 16 days, the longest winning streak for a Nasdaq 100 firm since 1990. Investors have cheered its AI plans and cost-cutting measures.

Key Takeaways Meta shares extended their record winning streak yesterday to 16 consecutive trading sessions, the longest run of wire-to-wire green days of any Magnificent Seven stock. The string of consecutive gains sees the price testing the upper trendline of an ascending channel,

For Meta's stock to turn a $10,000 investment into $1 million, it would need to grow to 100 times its original value. That means its market cap would one day need to top $180 trillion. Given its elevated valuation, I don't see that as being a likely scenario. Even getting to 10 times its value, to more than $18 trillion, might be a long shot.

Meta shares were at risk of ending their winning streak today. The run, at 15 consecutive sessions as of Friday's close, is the longest on record for a Magnificent Seven stock.

Meta Platforms (NASDAQ: META) stock has been in fine form on the market over the past three years, delivering healthy gains of 116% to investors and outperforming the 37% increase in the Nasdaq Composite index during the same period.

Meta’s META has just pulled off the most insane winning streak Wall Street has seen in years. As of press time, the tech giant’s stock has risen for 16 straight trading days, making history as the longest rally ever for a Magnificent 7 stock.