Top 10 AI Stocks Dominating Wall Street

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

Number of Hedge Fund Investors: 235

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On January 27, CNBC reported that Jefferies analyst Brent Thill maintained a Buy rating on Meta Platforms and set a price target of $715.00. Jefferies said the stock remains a top idea at the firm. The firm is bullish on the stock due to the company’s advancements in generative AI, particularly through the META.AI platform and Llama models. Both of them present a compelling opportunity for the company to solidify its foothold in the AI market.

“We are bullish on META’s position to monetize its traction in Gen AI with META.AI & Llama, seeing strong returns for these investments.”

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: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.

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