10 AI Stocks Making Waves on Wall Street

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

Number of Hedge Fund Holders: 235

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On February 3^rd, CMB International Securities analyst Saiyi He maintained a “Buy” rating on Meta Platforms with an associated price target of $835.00. The rating, issued after Meta’s strong Q4 results, was largely driven by developments in ad impressions and pricing, and further boosted by AI optimization techniques. Net income also rose significantly, 49% year-over-year, which is a reflection of favorable legal and restructuring cost adjustments. Looking ahead, the company’s management anticipates revenue growth of 8-15% year-over-year for Q1 2025, driven by investments in both artificial intelligence and its core business segments. Consequently, expenses and capital expenditures will also rise, in turn reflecting on Meta’s commitment and drive to advance its AI capabilities. Meta’s sustained growth in products such as Reels and Threads, together with new AI initiatives, further suggests potential for sustained long-term growth.

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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