Top 12 AI Stocks Taking Wall Street by Storm

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, Bloomberg compiled data revealed that the tech giant has achieved the longest winning streak of any current Nasdaq 100 Index component since 1990. Monday’s session on February 10 capped off 16 straight days of gains. The stock was up 17% in that period and neared a $1.8 trillion valuation for the first time. Despite the gain, it remains one of the cheapest big tech plays.

DeepSeek’s emergence proved to be devastating for many tech stocks, but Meta’s shares climbed as investors viewed DeepSeek’s success as a validation of open-source models such as Meta’s. Moreover, the company’s results have highlighted how AI is improving ads that are being targeted to users. Zuckerberg also noted that 2025 is going to be a “really big year” for AI, and even began staff job cuts from Monday as it began focusing on AI talent.

“Meta is really ahead of its competitors in proving that the capex it is pouring into AI is working, which is why investors continue to gravitate toward it. It has shown that AI is having an impact on user engagement, on margins, whereas Alphabet still needs to prove its capex is working and that its market share in search won’t be eroded.”

-Jim Polk, head of equity investments at Homestead Advisers.