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Meta Platforms, Inc. (META): An AI Stock That Broke The Internet This Week

We recently compiled a list of the AI News That Broke The Internet This Week. In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against the other AI stocks that broke the Internet this week.

Artificial Intelligence is increasingly becoming indispensable for large businesses, providing them with tools to drive efficiency, innovation, and competitive advantage. As AI technology continues to evolve, the importance it has to large enterprises is underscored by significant investments and impressive returns. For example, the ability of AI to automate and optimize business processes is one of the most significant advantages for large companies. AI-driven automation can streamline supply chain management, optimize logistics, and improve customer service through chatbots and personalized recommendations. According to a report by McKinsey, companies that fully leverage AI could see a 20-25% increase in cash flow​.

Read more about these developments by accessing 33 Most Important AI Companies You Should Pay Attention To and 10 AI Stocks That Could Go Parabolic.

In financial services, AI is transforming risk management, fraud detection, and customer insights. JPMorgan Chase, for instance, uses AI to review legal documents, a task that used to take thousands of hours of manual work, now accomplished in mere seconds. In the pharmaceutical industry, AI is accelerating drug discovery processes. For instance, companies like Pfizer have used AI to analyze vast datasets to identify potential drug candidates much faster than traditional methods. This not only speeds up the time-to-market for new drugs but also significantly reduces research and development costs, which are estimated to average around $2.6 billion per drug​.

Moreover, AI is enabling companies to offer more personalized experiences to customers. Retail giants like Amazon and Walmart use AI algorithms to analyze customer behavior and preferences, tailoring recommendations that enhance the shopping experience and increase sales. Amazon’s recommendation engine, powered by AI, is responsible for 35% of the company’s total sales​. NVIDIA, a leader in AI hardware, exemplifies how AI can drive business success. In the second quarter of fiscal 2025, the company reported $30 billion in revenue, with AI contributing significantly to this figure​. The company’s GPUs are the backbone of AI models used across industries, from autonomous vehicles to large-scale data analysis, demonstrating the critical role AI plays in both revenue generation and technological advancement.

Read more about these developments by accessing Billionaire Stan Druckenmiller Is Betting On AI Infrastructure, Tobacco and Industrial Stocks and 10 Tech Stocks to Monitor Amid Market Volatility According to Bernstein Analyst..

Our Methodology

For this article, we selected AI stocks that have been in the news this week. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

A team of developers working in unison to create the company’s messaging application.

Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 219

Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. A few weeks after announcing that spending on AI and related technologies would increase in the coming months, the company has now disclosed plans to close its augmented reality (AR) studio to redirect investments elsewhere. In a recent statement, the firm explained that this move is part of a broader strategy to allocate resources toward the next generation of experiences, focusing on emerging form factors like smart glasses.

Earlier this week, Meta Platforms, Inc. (NASDAQ:META) revealed that it had entered into an agreement with Sage Geosystems to procure geothermal energy for its AI data centers in the US. The first phase of this project is expected to be operational by 2027. Meta has committed to investing in sustainable energy sources as power demand surges across the country, having already secured over 12,000 MW in renewable energy projects in recent years.

Overall META ranks 4th on our list of the AI stocks that broke the Internet this week. While we acknowledge the potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than META but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: Michael Burry Is Selling These Stocks and Jim Cramer is Recommending These Stocks.

Disclosure: None. This article is originally published at Insider Monkey.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

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Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

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This isn’t just about making money – it’s about being part of the future.

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Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

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Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

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The #1 Lithium Stock to Watch Going into 2025

A Recent Monumental Shift in the Mining Arena has Shined a Big Spotlight on Lithium!

Many eyes are once again locked on the critical mineral since Rio Tinto, the 2nd largest mining company in the world, acquired Arcadium Lithium PLC. The acquisition immediately catapulted Rio Tinto to becoming the world’s 3rd largest lithium producer.

Why would a big mining giant like Rio Tinto be interested in acquiring a lithium producer?

Because they recognize there is a tremendous need for lithium in the world’s energy transition. Rio Tinto CEO Jakob Stausholm said Rio is confident that long-term demand for lithium will be strong.

This is the largest mining deal in the world since 2007 and marks a significant milestone to the lithium industry as it depicts a massive shift in sentiment from the big mining companies.

As the race to find secure lithium supplies continues, an underfollowed lithium explorer is causing quite the commotion as Wall Street learns about the company’s disruptive lithium land package in Brazil!

Why is Brazil Important?

In less than two years, Brazil emerged from ZERO exports to the fifth-largest lithium exporter in 2023 with projections of a fivefold production increase in the next five years! To say that Brazil is undergoing a lithium boom is an understatement!

Lithium exploration is accelerating in Brazil, in the wake of the relaxing of regulations and growing demand for the mineral that’s crucial to the global transition to electric vehicles. The country has relaxed its lithium export regulations, which has attracted global investment and transformed the country into a major producer of the critical element.

Brazil is being noticed for its prolific lithium appeal…

In August 2024, Australian lithium giant Pilbara Minerals announced its plans to acquire Latin Resources for approximately A$559.9m ($371.12m) to diversify its operations.

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