Top 14 AI Stocks on Wall Street: News and Analyst Ratings

3. 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 reported that the company made a minor tweak last month that will help it reap billions of dollars in profits this year. The change by the company is on an accounting formula that measures the depreciation of its expensive artificial intelligence infrastructure. This was disclosed in the company’s earnings materials on Jan. 29 and allows the extension of the useful life period of certain servers and networking assets to five and a half years. Previously, it was four to five years. The shift is anticipated to reduce the company’s depreciation expense by $2.9 billion in 2025. Considering that Meta plans on spending as much as 75% more this year on capex to build out its AI capabilities, the effect is going to be even bigger in 2026.

The company is making efficiency gains “by extending the useful lives of our servers and associated networking equipment.”

– Meta’s chief financial officer, Susan Li, said on the most recent earnings call.