Top 12 AI Stocks Dominating the Market Right Now

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

Number of Hedge Fund Investors: 235

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On February 11, Forbes reported that the company is in discussions to acquire South Korean company FuriosaAI. FuriosaAI is a chip startup that designs and develops data center accelerators for the “most advanced AI models and applications.” The deal, which is speculated to be completed as early as this month, could boost Meta’s custom chip efforts amid the shortage of Nvidia chips and a growing demand for alternatives. The deal would allow Meta to design and develop its chips particularly for its own applications. However, Meta is one of the many companies looking to buy the startup, according to a person familiar with the matter.

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