Meta is closing in on the $2 trillion club again — less than $100B to go.

The stock has had a monster run. For context, $META was hovering around $88 in late 2022. Now it's knocking on the door of an elite valuation tier that only a handful of companies have ever reached.

What's driving it? AI investments are starting to pay off, cost discipline is real, and the advertising engine is humming. Reels monetization is working. Reality Labs is still a cash furnace, but investors seem willing to look past it for now.

If it crosses $2T, it joins $AAPL, $MSFT, $NVDA, and briefly $GOOGL in that rarefied air. Not bad for a company that was left for dead 18 months ago.