15 AI Stocks That Are Dominating Headlines

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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 19, local news platforms in Louisiana reported, citing statements from Public Service Commissioner Foster Campbell, that Meta was planning to build a $5 billion artificial intelligence data center in Richland Parish. Per the reports, the data center would be built on the Franklin Farms Megasite in Holly Ridge. As part of the data center plans, the Louisiana Public Service Commission is reportedly being asked to approve three new natural gas power plants for the facility.

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