Coatue’s 35 Most Important AI Stocks

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

Number of Hedge Fund Holders: 235

Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family. As per the report for the fourth quarter of 2024, ad impressions delivered across the company’s apps increased by 6% and 11% year-over-year, respectively. The average price per ad increased by 14% and 10% year-over-year for the same period. This demonstrates positive growth in both ad impressions and ad pricing, signaling strong demand for the company’s advertising services and effective monetization strategies. Meta is also increasing its investment in AI as it plans to allocate between $60 billion and $65 billion on capex in 2025. This includes constructing a 2 GW data center in Louisiana and adding 1.3 million GPUs to enhance AI capabilities. Further, the company aims to develop AI-powered tools to serve over a billion users as advanced assistants.

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