10 Most Profitable Stocks of the Last 10 Years

5. Meta Platforms (NASDAQ:META)  

10-Year Net Income CAGR: 35.97%  

TTM Net Income: $51.43 Billion  

Number of Hedge Fund Investors: 219  

Meta Platforms (NASDAQ:META) has been investing heavily in the development of the metaverse, a virtual world where users can interact in 3D spaces, which it believes will be the next frontier of social interaction. Meta Platforms (NASDAQ:META)  generates most of its revenue from advertising by leveraging its massive user base and data-driven targeting to offer advertisers reach.

Meta Platforms’ (NASDAQ:META) AI development, particularly its open-source Llama models, is a game-changer. These models, designed to be used by developers worldwide, have been adopted by nearly 500 million monthly users. Moreover, AI-driven click-through rates have increased by 11%, and conversions have risen by 7.6%, driving revenue growth. In Q2, Meta Platforms’ (NASDAQ:META) ad revenues increased 22% year over year.

Meta Platforms’ (NASDAQ:META) investments in augmented reality (AR) hardware, particularly the Orion glasses, are also expected to revolutionize the way we interact with technology. While the glasses are not yet available to the public, the tech behind them is game-changing, with the potential to redefine how we interact with technology, moving beyond the smartphone.

Meta Platforms (NASDAQ:META) is positioning itself to dominate the tech landscape for years to come. The company’s innovative approach to AI and VR is not only driving significant user engagement and revenue growth but also setting it up for long-term success. As the world becomes increasingly digital, Meta Platforms (NASDAQ:META) is at the forefront of shaping the future of computing and interaction. With a strong financial foundation and a proven track record of innovation, Meta Platforms (NASDAQ:META) is an attractive investment opportunity for those with a long-term perspective. Analysts estimate the company’s earnings will grow by 35.78% this year.