10 Best Stocks to Buy According to Billionaire Ray Dalio

6. Meta Platforms Inc. (NASDAQ:META)

Total Number of Shares Owned: 962,410

Total Value of Shares Owned: $485,266,370

Number of Hedge Fund Investors: 219

Ranking 6th in our list of the 10 best stocks to buy according to billionaire Ray Dalio is Meta Platforms, Inc. (NASDAQ:META). In Q2 2024, Meta Platforms, Inc. (NASDAQ:META) reported $32 billion in revenue, a 15% increase from the previous year, with net income of $10 billion. This increase was largely fueled by a 20% rise in advertising revenue as more brands invest in digital marketing on Meta Platforms, Inc. (NASDAQ:META). A major part of this success comes from Meta Platforms, Inc. (NASDAQ:META)’s focus on innovation, especially by using artificial intelligence to improve advertising, allowing for better targeting and higher returns for advertisers.

Additionally, Meta Platforms, Inc. (NASDAQ:META) is making strides in the metaverse, recently launching new virtual reality products and updating its Horizon Worlds platform, which could create new revenue opportunities in the future. Meta Platforms, Inc. (NASDAQ:META) is also committed to enhancing user safety and privacy, which helps build trust with consumers and meets regulatory standards. Overall, Meta Platforms, Inc. (NASDAQ:META)’s solid financial performance, innovative advertising strategies, ambitious plans for the metaverse, and dedication to user safety make a strong case for future growth.

Bridgewater Associates holds 962,410 shares of Meta Platforms Inc.(NASDAQ:META), worth $485.3 million.