10 AI Stocks Making Waves on Wall Street

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

Number of Hedge Fund Investors: 262

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On February 27, CNBC reported that Meta AI will become one of the social media company’s standalone apps soon, similar to Facebook, Instagram, and WhatsApp. The move to make Meta AI a standalone app, likely during the second quarter, will mark a major milestone in CEO Mark Zuckerberg’s plans to make his Meta Platforms, Inc. the leader in artificial intelligence by the end of the year. Meta AI, launched in September 2023, is a testament to the company’s generative AI technologies.

“This is going to be the year when a highly intelligent and personalized AI assistant reaches more than 1 billion people, and I expect Meta AI to be that leading AI assistant”.

-Zuckerberg during the company’s fourth-quarter earnings call in January.