15 Trending AI Stocks on Latest News and Ratings

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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 suggest that the company is building a new AI data center in Louisiana. Local media is reporting that the facility will need huge amounts of electrical power and water to function. News platform The Shreveport-Bossier City Advocate recently referenced data from energy firm Entergy which shows that the single AI plant will use 30% of all the power the company generates for the state of Louisiana. To offset concerns, Entergy will build two new power plants in the area and one north of Baton Rouge at a cost of $3.2 billion.

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