35 AI News and Ratings You Should Not Miss

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

Number of Hedge Fund Holders: 219

Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family. On November 4, DA Davidson analysts Gil Luria and Alex Patt highlighted the firm in an investor note, stressing that the tech firm had achieved the best returns on its investments in artificial intelligence out of the Magnificent 6 in the latest round of earnings. The analysts claimed that unlike the other hyperscalers, who were renting out picks and shovels to customers who had yet to find much AI gold, Meta was finding its own gold in the form of 19% advertising growth on a 23% comp.

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