11 AI News You Should Not Miss

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

Number of Hedge Fund Holders: 235

Meta Platforms, Inc. (NASDAQ:META) focuses on products that enable global connectivity and facilitate communication. It is investing heavily in AI with its language models and also using it in its AR/VR technology. The Fly reported on December 10 that Piper Sandler increased Meta’s (NASDAQ:META) price target to $670 from $650, maintaining an Overweight rating. The firm highlighted strong teen engagement on Instagram and Facebook, noting this as notable given Meta’s scale. It also praised Meta’s leadership, calling its CEO the best in the consumer internet space. While not directly reflected in its survey, the firm views Meta as a leader in artificial intelligence technology.

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