10 Trending AI Stocks on Latest News and Ratings

Page 8 of 10

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

Number of Hedge Fund Holders: 235

Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family. The company is planning to build an AI data center in Louisiana. Local news outlets report that District 5 Public Service Commissioner Foster Campbell has said that the AI facility in Richland Parish will be a game changer for the region. Per the local reports, the project is estimated to cost $5 billion, and public filings show it will be hiring 300 to 500 people with an average salary of $82,000.

Page 8 of 10