5 Best AI Infrastructure Stocks to Buy According to Hedge Funds 

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

Number of Hedge Fund Holders: 262

With strong hedge fund and Wall Street support, Meta Platforms, Inc. (NASDAQ:META) ranks among the best AI infrastructure stocks and carries an upside potential of 30.4%.

Meta Platforms, Inc. (NASDAQ:META)’s AI ambitions are expanding well beyond its core advertising business, and Wall Street is starting to price in the potential value of those opportunities.

On June 1, 2026, RBC Capital reiterated an “Outperform” rating and $810 price target on the stock, arguing that Meta Platforms, Inc. (NASDAQ:META) sits at the intersection of two trends that could accelerate total addressable market expansion: differentiated compute capacity enabling identification of unexpressed demand, and an explosion in AI-enabled entrepreneurialism.

RBC framed its thesis around what it calls “Born on Meta,” referring to the creation of businesses, products, and services driven by Meta Platforms, Inc. (NASDAQ:META)’s combination of behavioral data and AI compute.

The firm noted that the digital ads market is approaching $1 trillion and likely compounding at high single-digit to roughly 10% growth over the next few years. Meta Platforms, Inc. (NASDAQ:META)’s current roughly 5% advertiser penetration of businesses already on its apps likely generates 80% to 90% of its $55 billion to $60 billion annualized dollar growth.

RBC said that deepening that penetration, alongside product and service expansion as compute ramps up, could contribute tens of billions per year incrementally.

Meanwhile, Meta Platforms, Inc. (NASDAQ:META) is accelerating its hardware ambitions.

On May 29, 2026, Reuters reported that Meta plans to begin testing an AI pendant within the next year, and to significantly expand its AI glasses lineup and launch a business-focused “Wearables for Work” service. Meta aims to sell 10 million wearable devices in the second half of 2026. The push comes despite Reality Labs posting a $4.03 billion loss on $402 million in revenue in the first quarter.

Meta Platforms, Inc. (NASDAQ:META) develops products that allow people to share and connect with their family and friends using PCs, mobile devices, virtual reality (VR) headsets, and AI glasses. Some of its well-known apps include Facebook, Instagram, and WhatsApp. It operates in the Reality Labs (RL) and Family of Apps (FoA) segments.