10 Best Stocks to Buy According to Billionaire Ray Dalio

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

Bridgewater Associates Equity Stakes: $363.65 Million

Number of Hedge Fund Holders: 262

Meta Platforms, Inc. (NASDAQ:META) is a technology company focused on connecting people through social media platforms. It owns some of the biggest networking apps, including Facebook, Instagram, WhatsApp, and Oculus VR. It is one of Bridgewater Associates portfolios’ biggest holdings owing to its track record in delivering healthy gains. Over the past three years, the stock has delivered over 116% in gains compared to the 37% gain of the Nasdaq 100.

Every day, more than 3.3 billion individuals use one of Meta Platforms, Inc.’s (NASDAQ:META) social media apps. Similarly, the company is incorporating artificial intelligence features to improve and enhance user experience in its apps. Artificial intelligence (AI) capabilities significantly increase app engagement, enabling Meta Platforms to draw in more advertising budgets.

In 2024, Meta Platforms, Inc.’s (NASDAQ:META) total revenue reached a record $164.5 billion, a 22% rise over the previous year. The robust growth can be attributed in part to its efforts in the AI field, as it marked an increase from its growth rate of 16% in 2023.