Nvidia CEO Jensen Huang praises Meta's AI strategy; META stock rebounds in premarket after three-session decline

Nvidia CEO Jensen Huang said in a CNBC interview on Tuesday that 'Nobody uses AI better than Meta,' citing how Meta has incorporated AI into its social media services, recommender systems, and ad targeting.

META shares rose nearly 1% in premarket trading on Wednesday, following a 7% decline over the previous three sessions. The stock is down more than 9% year to date.

On Stocktwits, retail sentiment for META remained 'bullish,' with 57 of 64 analysts covering META holding a 'Buy' or higher rating and an average price target of $826.75, implying 38% upside to the stock's last close.