Top 10 Growth Stocks in David Tepper’s Portfolio

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

Appaloosa Management LP’s Equity Stakes: $286.90 Million

Number of Hedge Fund Holders: 262

Meta Platforms, Inc. (NASDAQ:META) is a communications services company that owns and operates social media platforms Facebook, Instagram, WhatsApp, and Messenger. With over 3.3 billion daily active users using at least one of its social networking apps, it continues to unlock growth opportunities in the lucrative digital advertising business.

The vast data collected from the apps has allowed Meta Platforms, Inc. (NASDAQ:META) to support some of the most effective advertising campaigns from which it generates a significant chunk of its revenues. Similarly, the tech giant is leveraging artificial intelligence to enhance user experience and app engagement levels. With its popular Meta AI assistant, the company is a leader in the field of agentic AI. It intends to invest $60 billion to $65 billion in data center expansions connected to AI.

The strong expansion of Meta Platforms, Inc.’s (NASDAQ:META) advertising division generated $46.8 billion in revenue in Q4 2024, up 21% year-over-year. The increase was fueled by investments in artificial intelligence. Because of its strong ad targeting capabilities, the company enjoys higher advertiser demand and ad pricing on its platforms.