10 Best Machine Learning Stocks to Buy Now

3. Meta Platforms Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 262

Meta Platforms Inc. (NASDAQ:META) offers products that enable people to connect and share with friends and family through devices like phones, personal computers, and wearables. It operates through the Family of Apps (FoA) and Reality Labs (RL) segments. It uses machine learning for content personalization and ad targeting on social media platforms, and also for developing AI for metaverse.

The company’s AI assistant called Meta AI is becoming the most widely adopted AI assistant now and is reaching more than a billion users. Therefore, the company dominates personalized AI services. It’s also investing in infrastructure expansion and plans to bring about a gigawatt of capacity online within 2025 while constructing a 2-gigawatt AI data center.

Deepak Mathivanan at Cantor Fitzgerald reiterated an Overweight rating on the company with a $790 price target as of April 2. The analyst is optimistic about Meta Platforms Inc. (NASDAQ:META) because of its massive AI potential that comes from its advanced AI capabilities. These are highlighted in the company’s upcoming AI models and computing infrastructure. AI agents will soon become standard and revolutionize consumer interactions, and this transformation prepares Meta Platforms Inc. (NASDAQ:META) as a leader in the AI space.

Nightview Capital highlighted the company’s strong growth potential, due to its AI leadership with Llama model, advertising ecosystem, and AR capabilities. It stated the following regarding Meta Platforms Inc. (NASDAQ:META) in its Q4 2024 investor letter:

“Core Opportunity: Meta Platforms, Inc.’s (NASDAQ:META) platforms—Instagram, Facebook, WhatsApp, and Messenger—reach nearly half the world’s population daily, making it one of the most powerful advertising ecosystems globally. With investments in AI and augmented reality (AR), we believe Meta is also creating significant optionality for long-term growth.

Competitive Advantage: Thriving Core Platforms: In Q3, we saw Meta achieve a 23% YoY revenue growth,—a testament to strong user engagement across its ecosystem. The advertising landscape as a whole continues to evolve and we believe Meta’s existing platforms offer a defined advantage in this new world. Existing platforms in the age of AI continue to be the most powerful indicator of future success in our opinion.

AI Leadership: Meta’s AI capabilities and the Llama AI model are driving efficiency and product innovation. In our view, these assets have been under-appreciated by the market while enhancing Meta’s ability to further scale and innovate its leading advertising business…” (Click here to read the full text)