Shares of Meta Platforms (NASDAQ: META) fell about 4% on Tuesday afternoon, threatening to end its historic 20-day winning streak. This streak, the longest in the company’s history, is unprecedented for firms with a nearly $2 trillion market capitalization. If the decline holds through the trading session, it will be the first drop for the tech giant since January 16.
Meta’s stock has surged in recent weeks, driven by a strong earnings report and excitement surrounding its artificial intelligence initiatives. The company also gained attention for its plans to develop humanoid robots. However, the current dip raises questions about whether the stock can continue its upward trajectory. Despite the decline, there remains a chance for Meta to recover by the end of the trading session.
This winning streak has set a new record not just for Meta, but for the ‘Magnificent Seven’ group of tech stocks. According to Dow Jones Market Data, no other tech giant in this group has matched Meta’s consecutive gains. Here’s a look at the longest upward streaks for these companies:
- Meta Platforms (NASDAQ: META): 20 days (February 2025)
- Tesla (NASDAQ: TSLA): 13 days (June 2023)
- Apple (NASDAQ: AAPL): 12 days (May 2003)
- Nvidia (NASDAQ: NVDA): 10 days (November 2023)
- Amazon.com (NASDAQ: AMZN): 10 days (July 2013)
- Alphabet (NASDAQ: GOOGL): 10 days (December 2010)
- Microsoft (NASDAQ: MSFT): 10 days (October 1987)
Meta’s 20-day streak stands out as the longest such run among S&P 500 stocks since at least 1980, according to a report by Bloomberg’s Macro Man columnist Cameron Crise. He noted that these extended streaks are more often seen in less efficient assets, such as those in emerging markets, making Meta’s performance especially notable.
As the day continues, investors and analysts will closely watch to see whether Meta can reverse the downward trend and extend its historic rally, or if Tuesday marks the end of an unprecedented climb.
