14 AI News Updates Wall Street Is Monitoring

Page 12 of 14

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. On November 20, investment advisory Jefferies maintained a Buy rating on the stock with a price target of $675. In an investor note, the advisory said it was bullish on the Meta hiring of Clara Shih, the former Salesforce CEO of AI. It termed the update a big step forward in Meta’s push to monetize its AI with businesses and enterprises. The advisory thinks Clara’s experience at CRM building Agentforce will be advantageous in Meta’s efforts to build Gen AI tools and agents for the more than 200 million businesses that leverage WhatsApp, Instagram and Facebook each month.

Page 12 of 14