Billionaire Chen Tianqiao Dumped 3 Tech Stocks and Betting On These 4 Stocks

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

Number of Hedge Fund Holders: 235

Shanda Asset Management’s Stake: $57.2 million

Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family. This company demonstrates an array of qualities that make it a solid investment pick. First of all, the company’s capital return program holds great potential for investors, as depicted in the report for the third quarter of 2024. Share repurchases were $8.86 billion of Class A common stock, and total dividend and dividend equivalent payments were $1.26 billion. The second most compelling factor that may attract investment is Meta’s project, Ray-Ban smart glasses, which have the ability to translate other languages via screen transmission or built-in speakers. Moreover, the company is committed to integrating AI across all its platforms. Meta plans to increase its spending levels in 2025 by as much as $10 billion to support infrastructure investments for its AI efforts.