20 Trending AI Stocks on Latest News and Analyst Ratings

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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. Investment advisors at DA Davidson recently initiated coverage of the stock with a Buy rating and listed it as a top pick within the mega-cap space. In an investor note, analysts at the advisory underlined that Meta had set itself up to be the open source leader for the next two major technology platforms — AI Foundation Compute and Spatial Compute.

The analysts added that Meta Platforms, Inc. (NASDAQ:META) has the pole position on the open source side of the AI world, while other tech giants like Alphabet, Apple, Amazon, and Microsoft were crowding into the closed garden side of AI platforms. The research firm said unlike previous tech innovations, the aforementioned future platforms could only be won by a megacap and praised the choice of Meta to open source AI compute elements.

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