It's been another excellent stretch for Meta Platforms' (NASDAQ: META) stock. As of this writing, Meta shares are up 25% year to date, easily besting the benchmark S&P 500's total return of 6% and making Meta the top-performing stock among the Magnificent Seven.

The company has poached several AI researchers from OpenAI after investing in AI startup Scale AI and hiring its chief executive

Meta Platforms shares soared to a new all-time high Monday morning. CEO Mark Zuckerberg's ambitious plans to restructure the company's artificial intelligence division are driving shares higher.