15 Trending AI Stocks on Latest Analyst Ratings and News

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

Number of Hedge Fund Holders: 219

Meta Platforms, Inc. (NASDAQ:META) is an American social technology company that’s building the future of human connection and the technology that makes it possible. The company is a top AI player due to its strong AI ambitions and spending plans.

On November 4, D.A. Davidson reiterated Meta Platforms, Inc. (NASDAQ:META) as a “Buy”. The firm said that the stock, along with Amazon, is the biggest winner coming out of the earnings season.

Stephen Yiu, chief investment officer of Blue Whale Growth Fund, has similar views on the stock. He said that Meta stands out as the only stock in the Magnificent 7 group apart from Nvidia when it comes to artificial intelligence investments.

“We really think Meta could be a net winner on the back of this AI spending,”

-Yiu told CNBC’s Squawk Box Europe.

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