10 High Profit Margin Stocks to Buy Now

2. Meta Platforms Inc. (NASDAQ:META)

TTM Net Profit Margin: 39.11%

Number of Hedge Fund Holders: 273

Meta Platforms Inc. (NASDAQ:META) is one of the high profit margin stocks to buy now. On July 1, Meta CEO Mark Zuckerberg announced the launch of Meta Superintelligence Labs/MSL, which is a new AI unit aimed at developing personal superintelligence for everyone and positioning the company at the forefront of AGI development.

This new division will consolidate Meta’s existing foundation model teams, which include the open-source Llama model and its Fundamental AI Research/FAIR division, and will also establish a new lab focused on next-gen models. MSL will be co-led by Alexandr Wang, who joins Meta as its Chief AI Officer, and Nat Friedman, former CEO of GitHub. Friedman has also been part of Meta’s AI advisory group since May 2024.

The formation of MSL is part of Meta’s aggressive recruitment drive for top AI talent, amidst intense competition with rivals like OpenAI, Google, and Anthropic. Meta has reportedly offered up to $300 million over 4 years to some top AI researchers. Meta’s new team demonstrates a strong interest in multimodal AI, which involves AI generating images, video, and speech, and a focus on reasoning capabilities where AI chatbots flesh out their thoughts before answering.

Meta Platforms Inc. (NASDAQ:META) develops products that enable people to connect and share with friends and family through two segments: Family of Apps/FoA and Reality Labs/RL.