5 Best Performing Growth Stocks in January 2024

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In this piece, we will take a look at the five best performing growth stocks in January 2024. If you want to find out what’s hot in the stock market as 2024 starts then you can check out, 10 Best Performing Growth Stocks in January 2024.

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

Year To Date Share Price Gain: 13.82%

Number of Hedge Fund Investors In Q3 2023: 234

Meta Platforms, Inc. (NASDAQ:META) is one of the biggest technology companies in the world. The firm’s CEO, Mark Zuckerberg, made a big announcement in January 2024 when he shared that Meta Platforms, Inc. (NASDAQ:META) will buy more than half a million GPUs for A.I. use this year.

As of Q3 2023 end, 234 out of the 910 hedge funds part of Insider Monkey’s database had bought and owned Meta Platforms, Inc. (NASDAQ:META)’s shares. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital was the largest shareholder due to its $3.4 billion stake.

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