Top 10 Blue Chip AI Stocks to Buy According to Billionaire Cliff Asness

5. Meta Platforms Inc. (NASDAQ:META)

AQR Capital Management Equity Stakes: $964.99 Million

Number of Hedge Fund Holders: 262

Meta Platforms Inc. (NASDAQ:META) is a technology conglomerate that connects people through social media platforms and develops the metaverse. It owns some of the biggest social networking platforms, including Facebook, Instagram, WhatsApp, and Oculus VR. It has emerged as one of the most prominent investors in AI, a technology it expects to strengthen its high-profile brand portfolio.

The tech giant is increasingly integrating AI features into its social networking apps to enhance user experience. Likewise, the technology is helping enhance engagement levels, allowing Meta Platforms Inc. (NASDAQ:META) to support some of the most effective advertising campaigns. That was the catalyst behind the company posting record revenue of $164.5 billion, a 22% increase in 2024. Similarly, earnings skyrocketed 60% to $23.86 a share.

Meta Platforms Inc. (NASDAQ:META) plans to spend between $60 billion and $65 billion in capital expenditures in 2025 as it looks to come up with game-changing AI innovations that strengthen its core business. As of the end of January, Meta’s generative AI ad creation tools were being used by over 4 million advertisers. Additionally, the company served more advertising to users last quarter, resulting in a 14% increase in average ad pricing.