10 AI Stocks Making Waves on Wall Street

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

Number of Hedge Fund Investors: 235

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On February 14, Bloomberg reported that Meta has hired the former chief executive officer of luxury goods marketplace The RealReal Inc. to expand its retail sales channels for Quest headsets, smart glasses, and other artificial intelligence wearables. Joining Meta as vice president of retail, John Koryl’s hire demonstrates Meta’s dedication toward investing in the retail experience for its AI products. Koryl will be reporting to Chief Technology Officer Andrew Bosworth.

“It’s no secret that products like Quest, Ray-Ban Meta, and AI wearables require a different kind of customer experience beyond the standard retail offerings. We see an opportunity to build more direct expertise in the space and then share what we have learned with all of our retail partners who will continue to drive the bulk of our sales volume.”

-Bosworth in a memo sent to employees.