8 Good Stocks To Buy Right Now

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1. Meta Platforms Inc (NASDAQ:META)

Number of Hedge Fund Holders: 219

Meta Platforms Inc (NASDAQ:META) is a technology conglomerate and is the company behind Facebook, Instagram, Threads, and WhatsApp. The company has a large user base of over 3.27 billion daily active users across all its platforms.

Meta Platforms Inc (NASDAQ:META) is a good stock to buy right now and we say that because of its advanced technological inventions. Over the past few months, the company has ventured into AI and augmented reality, having launched its debut AR glasses, Orion, in September. On the same day, the company released its most affordable mixed-reality headset, Meta Quest 36.

Meta Platforms Inc (NASDAQ:META) is pouring money into AI to become the best recommendation technology company.  To align with this goal, the company recently launched new features, helping young adults explore their interests and find new people easily.

On September 10, Gil Luria, D.A. Davidson senior software analyst, appeared on CNBC where he named META as a top pick for AI and tech. Luria shares that the mega-cap tech stocks are expected to benefit from the AI boom, and while most of them are getting credit for it, META is not being talked about enough. He adds that META is the only company making significant investments in open platforms, concluding, that the stock is well-positioned to exploit the next two big waves of computing.

Overall, Meta Platforms Inc (NASDAQ:META) has a sustainable business model and owns crucial technology, making it difficult for competitors to take precedence. Its platforms are deeply integrated into the lives of users and the inclusion of AI and tech inventions makes it a powerful force.

Overall, META ranks first among the 10 good stocks to buy right now. While we acknowledge the potential of technology companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than META but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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