15 Trending AI Stocks on Latest Analyst Ratings and News

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

Number of Hedge Fund Holders: 219

Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. The firm has taken a different approach than other tech giants when it comes to AI, choosing to open source the large language model it has developed, unlike Google and Microsoft. This is largely because the firm plans to use the generative AI potential to enhance the advertisement market. Meta just recently overtook Google in digital ad market share and now plans to beat Amazon in the ad domain as well. Under this plan, the firm is also investing heavily in AI infrastructure build.

This aggressive AI strategy has caught the attention of market experts on Wall Street. Investment advisory Tigress Financial has a Strong Buy rating on Meta Platforms, Inc. (NASDAQ:META). In a recent investor note, the advisory highlighted that the cash flow of the tech giant was enabling ongoing investments in artificial intelligence initiatives that would drive user engagement, better content, and a more effective advertising experience.