10 Most Profitable Large Cap Stocks to Buy Now

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

Number of Hedge Fund Holders: 262

Last year net income: $39.40 billion

Meta Platforms, Inc. (NASDAQ:META) is a technology company that operates social media platforms, digital advertising services, and virtual and augmented reality technologies. Its core products include Facebook, Instagram, WhatsApp, and Messenger, which serve billions of users worldwide. META generates revenue primarily through digital advertising, offering targeted ad solutions for businesses. The company also develops hardware and software for the metaverse, including its Quest virtual reality headsets. META operates globally, focusing on digital connectivity, AI-driven content recommendations, and immersive technology development.

Meta Platforms, Inc. (NASDAQ:META) has built one of the leading industry teams on GenAI, with significant focus on infrastructure development and investment of $60-65 billion this year, largely directed towards AI infrastructure. The company’s Llama foundation model has seen remarkable adoption with over 800 million downloads, averaging 1 million downloads per day, and is being utilized by major companies like Zoom, Shopify, Spotify, and institutions like the Mayo Clinic. Meta AI has emerged as the most used AI assistant with 700 million monthly users across Facebook, Instagram, WhatsApp, and Messenger platforms.

Meta Platforms, Inc. (NASDAQ:META) is making significant progress in business messaging, particularly through WhatsApp, which has become a crucial communication channel for hundreds of millions of businesses, especially in markets like Brazil, Mexico, and India. META is also advancing in custom silicon development through its MTIA initiative, successfully implementing inference for recommendations through Artemis, which helps reduce costs for ad and video delivery workloads. The company’s Ray-Ban Meta smart glasses have shown strong user retention and are demonstrating promising use cases in areas like hands-free calling, music listening, and AI-assisted visual interpretation. With more than $39 billion net income in the latest fiscal year, META is one of the most profitable large cap stocks to buy now.