Billionaire Stanley Druckenmiller’s 10 Best AI Stocks to Buy Now

2. Meta Platforms Inc (NASDAQ:META)

Number of Hedge Fund Investors: 242

After bagging huge profits from his Nvidia stake, billionaire Stanley Druckemiller is pouring money into consumer-side AI companies that are using AI technologies to their advantage to boost and optimize online content consumption, including text, images and video.  Stanley Druckenmiller’s Duquesne Family Office bought a $31,043,000 stake in Meta Platforms Inc (NASDAQ:META) during the first quarter of 2024.

Meta Platforms Inc (NASDAQ:META), thanks to its diversification and huge user base it captures (Instagram, Facebook, WhatsApp), can leverage AI to its advantage in a much efficient way. For example, Meta Platforms Inc (NASDAQ:META) plans to use ‘Llama 3’ LLM to introduce new automation features in its business messaging on Facebook. This technology, called “Business AIs”, would help consumers get answers to their questions and will speed up the buying process. [see our complete analysis on Meta platforms here].