Billionaire Ray Dalio’s Bridgewater Is Crazy About These 15 Stocks

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

Bridgewater Associates’ Stake Value as of Q3: $459.2 million

Number of Hedge Fund Holders: 235

Meta Platforms, Inc. (NASDAQ:META) is a technology leader renowned for its flagship products—Facebook, Instagram, and WhatsApp—as well as its cutting-edge advancements in augmented reality (AR) and virtual reality (VR) technologies.

On November 25, Raymond James added Meta Platforms, Inc. (NASDAQ:META) to its “Analyst Current Favorites” list, highlighting it as one of the firm’s top stock ideas. The firm anticipates a stronger narrative for the social media giant in 2025, driven by advancements in artificial intelligence and monetization opportunities in generative AI. Meta’s updated Deep Learning Recommendation Model (DLRM) is projected to enhance user engagement by mid-single to low-double digits. Additionally, Meta AI, already engaging over 500 million monthly active users, is seen as a potential $10 billion+ revenue driver in sectors such as travel and entertainment, particularly in search and assistant services by 2026.

In its Q3 2024 earnings, Meta Platforms, Inc. (NASDAQ:META) reported impressive results, with earnings per share of $6.03 and revenue of $40.5 billion, surpassing analyst estimates of $5.22 per share and $40.2 billion in revenue. The company’s strategic investments in AI to improve app user experiences and engagement have bolstered its ability to attract high-value advertising campaigns, ensuring continued growth in its core business segments.

Alger Spectra Fund stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its Q3 2024 investor letter:

“Meta Platforms, Inc. (NASDAQ:META) operates the world’s largest social network, with over 3 billion monthly active users. The company generates more than 95% of its revenue from advertising, evenly split between North America and international markets. During the quarter, shares contributed to performance following the release of strong fiscal second quarter operating results, with revenues and earnings beating analyst estimates. Management also raised their fiscal 2024 revenue guidance, citing improved advertising monetization. CEO Mark Zuckerberg stated that AI has played a key role in these successes, as the company is leveraging AI to enhance targeting, measurement, ranking, and ad delivery. Higher user engagement, driven by video ranking, content recommendations, and single video views, has also supported growth. Additionally, the optimization of ad placements within videos and automation of ad campaigns are further boosting monetization.”