10 AI Stocks in the News Today

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

Number of Hedge Fund Investors: 235

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On May 5, Argus Research analyst Joseph Bonner maintained a “Buy” rating on the stock and set a price target of $725.00.

The company recently reported its Q1 results with revenues and earnings topping street estimates. Meta reported sales of $42.3 billion and earnings of $6.43 per share, compared to the consensus estimates of $41.3 billion and $5.22, respectively.

Momentum in its advertising business and artificial intelligence continues to be the largest drivers of current revenues and future expectations for the company.

In particular, CEO Mark Zuckerberg pointed to AI-driven enhancements in ad performance and user engagement, stating that the community keeps growing with more than 3.4 billion people now using at least one of their apps each day.