Louis Navellier’s Top 15 Long-Term Stock Picks

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

Number of Hedge Fund Holders: 235

Navellier & Associates’ Stake: $6.1 million

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 third quarter of 2024, total revenue was $40.59 billion, an increase of 19% year-over-year. Revenue on a constant currency basis increased 20% year-over-year. In addition, share repurchases were $8.86 billion of Class A common stock and total dividend and dividend equivalent payments were $1.26 billion. This portrays the company’s commitment to delivering consistent returns to investors and its strong market position. Moreover, the company has integrated AI-powered chatbots into WhatsApp to drive ecommerce sales and improve customer experience, which holds the capacity to generate up to $45 billion in revenue by 2030. Furthermore, Meta has developed LLaMA (Large Language Model Meta AI), a state-of-the-art foundational large language model designed to help researchers advance their work in this subfield of AI.

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