10 Best Artificial Intelligence (AI) Stocks To Buy According to Financial Media

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

Number of Hedge Fund Holders: 246

Meta Platforms, Inc. (NASDAQ:META) is a communication services company based in Menlo Park, California. While the company has developed a stellar reputation for itself in the social media space, it has also been expanding its reach in the AI field. Meta Platforms, Inc. (NASDAQ:META) has been releasing free customer-help AI chatbots on its main social media platforms, such as Instagram and WhatsApp. This move highlights Meta CEO, Mark Zuckerberg’s strategy to make AI technology accessible to all. This strategy will also set Meta Platforms, Inc. (NASDAQ:META) apart from its competitors, since it will be providing AI technology to its customers for low to no cost.

In total, 246 hedge funds were long Meta Platforms, Inc. (NASDAQ:META) in the first quarter, with a total stake value of $46.9 billion.