10 Best AI Stocks to Buy According to Billionaire David Tepper

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

Appaloosa Management LP’s Stake: $316,998,000

Number Of Hedge Fund Holders: 273

Meta Platforms, Inc. (NASDAQ:META) is one of the 10 best AI stocks to buy according to billionaire David Tepper. On June 18, The Information disclosed that Meta was in advanced discussions to recruit prominent AI investors Nat Friedman, former CEO of GitHub, and Daniel Gross, CEO of Safe Superintelligence. The move is part of Meta’s efforts to bolster its AI capabilities.

Friedman is already part of Meta’s external Advisory Group, providing technology and product development input. On the other hand, Gross is the head of a $32 billion AI startup that Meta previously attempted to acquire but was rebuffed. If Meta sees the hires through, The Information details that the new additions will report to Alexandr Wang, founder of Scale AI. Scale AI recently became a part of Meta after the tech giant acquired a 49% stake worth $14.3 billion. These efforts are geared towards materializing a new unit at Meta called “superintelligence.”

Meta Platforms, Inc. (NASDAQ:META) is a global social technology company. It builds and operates digital platforms that help people connect, share, and discover content. The tech giant operates some of the world’s most recognizable social media platforms, including Threads, Messenger, WhatsApp, Instagram, and Facebook. Meta also develops virtual and augmented reality hardware and software through its Reality Labs segment.