15 AI Stocks Every Investor Should Be Watching

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

Number of Hedge Fund Investors: 235

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On February 14, the company announced one of its most ambitious subsea cable endeavors yet: Project Waterworth. The project, once completed, will span across five major continents and will be the longest subsea cable project in the world using the highest-capacity technology available.

Providing “industry-leading connectivity” to the U.S., India, Brazil, South Africa, and other key regions, Project Waterworth will enable greater economic cooperation, digital inclusion, and opportunities for technological development within the said regions. This multi-billion dollar, multi-year investment will scale and strengthen the world’s digital highways by opening three new oceanic corridors leading to high-speed connectivity essential to driving AI innovation worldwide.

“AI is revolutionizing every aspect of our lives, from how we interact with each other to how we think about infrastructure – and Meta is at the forefront of building these innovative technologies. As AI continues to transform industries and societies around the world, it’s clear that capacity, resilience, and global reach are more important than ever to support leading infrastructure. With Project Waterworth we can help ensure that the benefits of AI and other emerging technologies are available to everyone, regardless of where they live or work”.

-Meta

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