How to Play The AI Boom And NASDAQ Rally According To Hedge Fund Manager Brad Gerstner: Top 5 Stock Picks

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

Mr. Gerstner’s Q1 2023 Investment: $472 million

Meta Platforms, Inc. (NASDAQ:META) is one of Brad Gerstner’s favorite artificial intelligence stock picks. Headquartered in Menlo Park, California, the firm has its own artificial intelligence laboratory called Meta AI.

220 of the 943 hedge funds part of Insider Monkey’s database had bought and invested in the firm as of Q1 2023. Meta Platforms, Inc. (NASDAQ:META)’s largest shareholder is Philippe Laffont’s Coatue Management with a $1.7 billion stake that comes courtesy of eight million shares.

Follow Meta Platforms Inc. (NASDAQ:META)