10 AI Stocks That Will Skyrocket

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

Upside Potential: 50.33%

Number of Hedge Fund Holders: 262

Meta Platforms, Inc. (NASDAQ:META), a social media giant, is pivoting heavily into AI. Artificial Intelligence is central to almost everything it is building, right from its user-facing products to its ambitions in the metaverse and beyond. Meta’s feed ranking and reels recommendations use deep learning and large AI models. Meta is emerging as a key player in AI by developing advanced open-source language models through its LLaMA series, a rival to ChatGPT and Google’s Gemini. These models power AI tools across Meta’s platforms and are set to drive future innovations in productivity, content creation, and search.

Piper Sandler analyst Thomas Champion gave Meta stock an Overweight rating and set a $610 price target. He highlighted the company’s strong advertising trends and healthy revenue outlook, with Q2 estimates ranging from $42.5 billion to $45.5 billion. Despite some challenges in e-commerce and exposure to China, Champion believes Meta remains financially solid and undervalued.  Meta’s AI assistant is becoming the most widely used globally, reaching over a billion users and reinforcing Meta’s lead in personalized AI. Additionally, Meta Platforms, Inc. (NASDAQ:META) is expanding its infrastructure, aiming to add 1 gigawatt of capacity next year and build a 2-gigawatt AI-focused data center.