9 AI Stocks Investors Are Monitoring

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

Number of Hedge Fund Investors: 235

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On February 4^th, Argus raised the firm’s price target on the stock to $775 from $686 and kept a “Buy” rating on the shares. Increased advertising revenue and significant margin expansion are coming out to favor Meta, with the latter being a result of robust cash flow and deep cost cuts. Meta has also been racing with tech giants such as Microsoft and Google to develop models and applications before monetization. The market may indeed be taken aback by the company’s ramped-up investments in generative AI. However, the firm pointed out that Meta is already leaning on GenAI to improve targeted advertising. This is one of its critical monetization features, the analyst told investors in a research note.