Meta Platforms Inc. changed its narrative in a big way this week, and it resonated on Wall Street.

Three months ago, CEO Mark Zuckerberg and his management team sounded rather defiant as they laid out plans for big spending despite economic woes, an attitude that helped the stock achieve one of its worst days ever.

But Meta META’s management team, +23.28% on Wednesday during the company’s fourth-quarter earnings call sounded more disciplined, and the stock rose strongly.

Shares of Facebook’s parent company rose 23.3% in trading Thursday, posting the second-largest one-day percentage rally in history and the best result since July 25, 2013.

On that day in July 2013, Meta had a market value of just $83.7 billion. In Thursday’s session alone, the company added more to its market value at $92.4 billion. Meta fell short of the record $100 billion mark, despite being on track for part of the trading day.