10 AI Stocks Making Waves on Wall Street

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

Number of Hedge Fund Investors: 273

Meta Platforms, Inc. (NASDAQ:META) is one of the 10 AI Stocks Making Waves on Wall Street.  On July 31, Morgan Stanley analyst Brian Nowak raised the price target on the stock to $850.00 (from $750.00) while maintaining an “Overweight” rating.

According to the firm, improvements in GPU-enabled algorithmic are helping drive better-than-expected engagement and monetization metrics. This is, it believes, evident in Meta’s second-quarter results and third-quarter guidance.

“Super Core and Superintelligence… and More to Come: META’s 2Q results and 3Q guide speak to how continued GPU-enabled algorithmic improvements and advances are driving even better-than-expected lifts to engagement and monetization… as our ‘25/’26 revenue estimates rise by ~3%/4%. ’25/’26 EPS rises by 5%/9%.

The firm further highlighted how Meta has been increasing investments in core operations and long-term projects. It’s improving core business can fund these initiatives, and boost profitability at the same time.

“META’s investment is stepping up (in core and long-term projects)… but the continuously improving core can fund this… while also driving higher profitability. “