15 AI Stocks Trending on Financial Media

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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. Latest reports, published by news platform Shreveport Times, claim that the company has cleared the first hurdles for building a new AI data center in Louisiana. Per the report, the Public Service Commission has agreed to a request to hire consultants and attorneys for the application to build three new power plants to accommodate the data center project. Commissioner Foster Campbell has said that Meta could invest $10 billion or more to build the AI data center in Holly Ridge, per the report.

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