10 AI Stocks Making Waves on Wall Street

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1. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Investors: 235

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On Friday, January 24, Meta CEO Mark Zuckerberg announced that the company plans to invest an estimated $60 billion to $65 billion in capital expenditures in 2025 to continue building its AI infrastructure. According to Zuckerberg, the company is building a large data center that “would cover a significant part of Manhattan” to power its AI offerings. It plans to bring on around 1 gigawatt in compute and conclude the year with more than 1.3 million graphics processing units. According to Zuckerberg, 2025 is going to be a “defining year for AI”. Adding to these thoughts, he said that Meta AI digital assistant is set to become the “leading assistant serving more than 1 billion people.” The company is also building an AI engineer that will contribute “increasing amounts of code to our R&D efforts,” he added.

“This is a massive effort, and over the coming years it will drive our core products and business, unlock historic innovation, and extend American technology leadership”.

-Zuckerberg wrote in a post on Facebook.

While we acknowledge the potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than META but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.

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