5 Best AI and Technology Stocks to Buy Now

In this article, we are going to look at the 5 Best AI and Technology Stocks to Buy Now. For a longer list and more details on how we picked these stocks, you can go to 12 Best AI and Technology Stocks to Buy Now.

5. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 262

Meta Platforms, Inc. (NASDAQ:META) is one of the Best AI and Technology Stocks to Buy Now. On June 25, Piper Sandler analyst Thomas Champion reiterated “Overweight” rating on the company’s stock with the price objective of $800. As per the analyst, the AI-powered agents and business messaging provide an underappreciated opportunity. The analyst highlighted that Meta Platforms, Inc. (NASDAQ:META) has already witnessed growth via the automated business messaging it offers on WhatsApp in the emerging markets.

Notably, the company had recently announced its Business Agent product. The firm’s analyst opines that Meta’s Agent offering can be more universal, extending throughout apps and beyond the emerging markets.

To provide a brief background, earlier this month, Reuters reported that Meta Platforms, Inc. (NASDAQ:META) released an AI agent, which can help businesses conduct day-to-day operations. This places the tech giant as a player in the broader enterprise AI market.

Meta Platforms, Inc. (NASDAQ:META) develops products that allow people to share and connect with their family and friends using PCs, mobile devices, VR headsets, and AI glasses. Some of its apps include Facebook, Instagram, and WhatsApp.