10 Most Promising Tech Stocks According to Hedge Funds

2. Meta Platforms Inc (NASDAQ:META)

Number of Hedge Fund Holders: 219

Meta Platforms Inc (NASDAQ:META) is a technology conglomerate and is the company behind Facebook, Instagram, Threads, and WhatsApp. As of today, the company has a large user base of over 3.27 billion daily active users across all its platforms.

Meta Platforms Inc (NASDAQ:META) is a promising technology stock and we say that because of its advanced technological inventions. Over the past few months, the company has launched AI tools and features and in September launched its debut AR glasses, Orion. On the same day, the company revealed its most affordable mixed-reality headset, Meta Quest 36.

On the AI front, Meta Platforms Inc (NASDAQ:META) is making strides to become the best recommendation technology company through its social media platforms. On October 4, the company launched new features, helping young adults explore their interests and find new people easily. In addition to that, the company also released, “Imagine Yourself,” an AI tool that users can now access in their feeds and stories.

Overall, Meta Platforms Inc (NASDAQ:META) has a sustainable business model and owns superior technology, making it difficult for competitors to take precedence. Its platforms are deeply integrated into the lives of users and the inclusion of AI and tech inventions make it a powerful force.