11 AI Stocks That Should Be On Your Watchlist

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

Number of Hedge Fund Investors: 235

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On January 22, Bloomberg reported that the company is working on integrating artificial intelligence technology into more of its products. Currently, it is upgrading its popular smart glasses as well as exploring new wearable devices such as watches and camera-equipped earbuds. Reality Labs, the company’s devices group, is all set to develop Oakley-branded smart glasses for athletes this year. It is also planning on releasing new high-end glasses with a built-in display this year. These new products aim to reposition Meta as an AI innovator, particularly focusing on hardware to bring in the next era of computing.

Bloomberg has also reported that Meta aims to release its first true augmented reality product around 2027. This release is going to be a milestone for the technology industry. Meta is also planning on enhancing its Supernova product line, a product line of smart glasses that the company offers in partnership with Ray-Ban. First, this line will be extended into new markets. Second, its smart glasses technology will be broadened to other fashion brands owned by partner Luxottica Group SA. Last but not least, there is going to be a new higher-end offering using a design that’s similar to the current Ray-Ban glasses. Code-named “Hypernova”, it will offer capabilities a bit closer to the long-promised AR experience.

While we acknowledge the potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than META but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.

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