11 Best Stocks To Invest In For Grandchildren

Page 9 of 11

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 recently released its fourth-quarter results, reporting $48.39 billion in revenue and $164.50 billion for the full year 2024, marking year-over-year increases of 21% and 22%, respectively. On a constant currency basis, revenue rose 21% for the quarter and 23% for the year. In January, Reuters reported that Meta Platforms is going all in on AI and wearables, increasing its annual capital investment outlay to $60-65 billion in estimated fiscal year 2025. Meta will be emphasizing the use of creator tools within its ecosystem and advertisers will be using the companies’ AI models to generate marketing materials and execute ad campaigns.

Page 9 of 11