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.

Meta stock rose on Monday, leaving intact a record-breaking winning streak for the social media giant. The run, at 16 consecutive sessions as of Monday's close, is the longest on record for a Magnificent Seven stock.

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’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.

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.