Here is How Billionaire Philippe Laffont’s Top 5 Picks Crushed The Market

3. Meta Platforms Inc. (NASDAQ:META)

YTD Stock Performance: +3%

Philippe Laffont’s Stake: $2.49 Billion

Meta Platforms Inc. (NASDAQ:META) is becoming an advertising powerhouse and is now on track to surpass Alphabet in digital ad revenue, driven by strong AI-led execution. Meta gets about 97% of its revenue from advertising. It’s seeing growth in key metrics like price per ad and total ad impressions. Meta Platforms Inc. (NASDAQ:META) has a strong edge in the ads market in the age of AI. How? Meta ads are shown inside apps like Instagram and Facebook and its tools like Advantage+ analyze massive user data and automatically find the best audiences, improving return on ad spend.  On the other hand, Google’s traditional “pull” ads (search-based) are facing pressure as behavior shifts toward AI-driven discovery.

Meta Platforms Inc’s (NASDAQ:META) net digital advertising revenue is expected to reach approximately $240+ billion by 2026, slightly ahead of Alphabet’s Google in the same category, according to eMarketer estimates.

The Meta Training and Inference Accelerator (MTIA) is expected to lower Meta’s reliance on Nvidia chips. META has a forward P/E of 22x, down from its historical average of 25.5x and lower than major Magnificent Seven peers and the broader industry average for high-growth tech.

Montaka Global Investments stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its Q1 2026 investor letter:

“The strength of an investment opportunity depends on the price at which you can acquire current and future earnings power. We see many instances today of strong competitive advantages being offered by the market at highly-attractive prices. Based on Montaka’s internal assessments, here are several:

Meta Platforms, Inc. (NASDAQ:META) — Towards the end of March, Meta’s stock price hit US$526 per share, a level that implies an enterprise value (EV) multiple of less than 13x 2026 earnings before interest and tax (EBIT7). We assess this valuation multiple is far too low for a business growing revenues faster than 20% per annum and with competitive advantages as strong as Meta’s.”