Meta shares rise as Mark Zuckerberg announces plans to invest in AI

** Meta Platforms's META shares are up 1% on Mon after CEO Mark Zuckerberg said it would invest hundreds of billions of dollars on computing power to build superintelligence

** META is on track for gains after two straight sessions of losses

** "We have the capital from our business to do this," Zuckerberg said in a post on Threads

** META recently unveiled a new division, Meta Superintelligence Labs (MSL) to unify the company's AI efforts. The new unit will be led former Scale AI CEO Alexandr Wang and ex-GitHub chief Nat Friedman

** Meta invested $14.3 billion in Scale and ramped up efforts to recruit top AI talent

** Among 71 analysts that cover META, avg rating is "BUY" and median PT is $748.86, per LSEG data

** META is up 23.9% YTD vs NASDAQ Composite Index's IXIC 6.8% increase