Top 10 Trending AI Stocks on 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 23, Bank of America reiterated the stock as “Buy” and raised its price target to $710 per share from $660. The firm is bullish on the company, citing its strong cost discipline and artificial intelligence capabilities. The firm said it is important for Meta to demonstrate a return on investment in AI, particularly in the months ahead. The analyst also highlighted how advertising revenue across platforms such as Facebook and Instagram is important for the company’s financial health and share prices. Short-term investors will be closely watching AI-driven revenue growth this year.

“With a stable macro backdrop, a growing AI contribution to ad revenues, ramping messaging revenues, and continued cost discipline (recent headcount cuts), we remain positive on the stock in 2025”.

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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