Meta Exceeds $1 Trillion , in Market Cap.<br />On Jan. 24, Meta closed at $390 a share to <br />pass $1 trillion in market cap, CNBC reports. .<br />The last time that the company surpassed $1 trillion in market cap was in 2021 under the Facebook name.<br />The last time that the company surpassed $1 trillion in market cap was in 2021 under the Facebook name.<br />That was also the first time <br />the company reached the milestone. .<br />Meta's improved stock performance <br />follows a surge of almost 200% last year.<br />The surge came as CEO Mark Zuckerberg implemented cost-cutting tactics such as laying off over 20,000 people.<br />The surge came as CEO Mark Zuckerberg implemented cost-cutting tactics such as laying off over 20,000 people.<br />Zuckerberg referred to 2023 as a <br />"year of efficiency," CNBC reports. .<br />The CEO recently announced that <br />Meta will acquire 350,000 H100 Nvidia graphics cards by the end of 2024...<br />The CEO recently announced that <br />Meta will acquire 350,000 H100 Nvidia graphics cards by the end of 2024...<br />... in addition to "almost 600k H100 equivalents <br />of compute if you include other GPUs." .<br />Meanwhile, Microsoft hit a market cap milestone <br />on Jan. 24 as well, briefly passing $3 trillion
