10 AI Stocks Poised for Big Moves

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, Bloomberg News reported that Apollo Global Management is leading discussions for a roughly $35 billion financing package for Meta Platforms to help develop data centers in the U.S. According to the report, Apollo has discussed providing a major part of the financing. However, since the funding conversations are at an early stage, there’s no guarantee a deal will be completed. Earlier in January, Meta CEO Mark Zuckerberg had announced that his company would be spending as much as $65 billion this year to expand AI infrastructure.