5 Best AI Stocks to Buy in June

In this article, we will look at the 5 Best AI Stocks to Buy in June. Please visit the 10 Best AI Stocks to Buy in June if you’d like to see an extended list and methodology behind it.

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

Potential Upside:38.05%

Number of Hedge Fund Holders: 262

Meta Platforms, Inc. (NASDAQ:META) is one of the 10 Best AI Stocks to Buy in June. On June 6, TheFly reported that Meta is in discussion with data center developer CleanSpark (CLSK) to secure space in the latter’s data center facility.

Photo by Jakob Owens on Unsplash

According to Green Street News Infrastructure, Meta is seeking to lease space at CleanSpark’s Sandersville, Georgie facility, which has a capacity of roughly 250 Megawatts.

Earlier on June 3, Meta launched its expanded Meta Business Agent, which now caters to businesses of all sizes around the world. The company said the Meta Business Agent supports companies in responding to their customers and can also deliver a morning briefing to catch you up on messages that they missed overnight. The expanded business agent also lets companies respond to customers using their local language and tone to deliver a more personalized experience.

Based on 70 analyst ratings compiled by CNN, 91% assigned a Buy rating to Meta, while 9% assigned a Hold rating. The stock has a median price target of $818.66, a 38.05% upside from the current price of $593.

Meta Platforms, Inc. (NASDAQ:META) is engaged in developing social media applications. It operates several popular social media platforms, including Facebook, WhatsApp, Instagram, and Threads.