5 Best Machine Learning Stocks To Invest In

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

Number of Hedge Fund Holders: 242

Meta Platforms, Inc. (NASDAQ:META) utilizes machine learning across the organization as well as within its products and services. The company’s Meta AI division is engaged in the development of tools and software based on machine learning, including the PyTorch machine learning framework and Llama 2 large language model, among others. In February, Reuters reported that the company is planning to launch Lllama 3 in July. According to the report, in the new version, contentious questions will be answered better and context will be provided if any question is deemed controversial. Meta Platforms, Inc. (NASDAQ:META) is our third-best machine-learning stock to invest in.

As of the fourth quarter of 2023, 242 hedge funds have gone long on Meta Platforms, Inc. (NASDAQ:META) with a total stake worth $44.17 billion. This is compared to 234 hedge funds with stakes worth $35.24 billion in the preceding quarter. As of December 31, 2023, Rajiv Jain’s GQG Partners is the most prominent shareholder in Meta Platforms, Inc. (NASDAQ:META) with 11.15 million shares worth nearly $3.95 billion.

On April 9, TD Cowen analyst John Blackledge maintained a Buy rating on Meta Platforms, Inc. (NASDAQ:META) and raised its price by $90 to $590. TD Cowen also raised the company’s 1Q24 and 2024-2029 revenue estimates by 1%-4% annually.

Palm Valley Capital Fund stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its first quarter 2024 investor letter:

“While we are not experts on the beanstalk tech stocks, we do have considerable experience observing behavior during bubbles. For the current crop of market leaders, we wonder: how good can it get? Google, Meta Platforms, Inc. (NASDAQ:META), and Amazon’s combined advertising revenue exceeded the total value of the U.S. advertising industry by 2020 and now accounts for nearly 50% of the entire $900 billion global ad market (GroupM estimate). Meta’s top advertiser last year was Temu, a retailer of cheap Chinese goods that is losing money on each U.S. order in an effort to take share from Amazon.

Meanwhile, Microsoft’s powerhouse Office division carried a 49% operating margin last year, Meta’s Facebook and Instagram segment had a 47% margin, and Google’s Search earned a 35% operating margin. In other words, purveyors of financial indexes that are primarily constructed by simple, easy-to-replicate formulas sport profit margins that make those of the most dominant technology franchises on Earth seem prosaic. …” (Click here to read the full text)