Stocks
Meta Slips Behind Amazon and Alphabet in AI Market Valuation
Meta's market value has slipped behind Amazon, Alphabet, and Microsoft in the AI race. With a market cap of $1.39 trillion, Meta trails far behind its competitors.
The AI pure-play companies have seen their valuations soar, with OpenAI CEO Sam Altman pushing for a $1 trillion valuation as it prepares for its IPO. Anthropic's revenue has surpassed OpenAI's, sitting at around $65 billion annually compared to OpenAI's $40 billion.
Meta's market value is dwarfed by Amazon ($AMZN) at $2.87 trillion and Alphabet ($GOOG) at $4.19 trillion. Microsoft's ($MSFT) market cap is $3.60 trillion, while private AI rival Anthropic nearly matches Meta's market cap.