Billionaire Ken Fisher’s Top 13 Growth Stock Picks

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

Fisher Asset Management’s Equity Stake: $3.91 Billion

Number of Hedge Funds Holding Stakes: 262

Meta Platforms, Inc. (NASDAQ:META) is a technology giant that owns popular social media platforms, including Facebook, Instagram, and WhatsApp. Its family of apps segment generates over 98% of total revenue through digital advertising.

Meta Platforms, Inc.’s (NASDAQ:META) revenue has grown by 39% from $118 billion in 2021 to $164.5 billion in 2024. The robust growth comes amid rising ad impressions and an increase in the average price per ad on the company’s flagship apps. Integrating artificial intelligence features into the apps has also triggered a 17% increase in the daily active users, allowing the company to attract more advertising campaigns.

The Meta Platforms family of apps remains the go-to destination for advertisers as engagement levels have soared, especially on Instagram. Revenue growth of 22% in 2024 came as advertisers continued to invest in getting their brands in the over 3.3 billion people using Meta Platforms, Inc.’s (NASDAQ:META) services. While Meta AI assistant has gained 700 million users, the number is expected to rise to 1 billion, affirming strong underlying growth. As Meta AI gets smarter, it should unlock new revenue streams.