3 AI Stocks on Track to Be Trillion-Dollar Companies
The list of trillion-dollar companies is fairly slim. Only six have achieved the mark, but four of those -- Microsoft, Alphabet, Amazon, and Nvidia -- are heavily involved in artificial intelligence (AI). But if you look at stocks that are slightly below the threshold, you'll see several involved with AI that could join the club soon.
Three in particular are Meta Platforms (NASDAQ: META), Tesla (NASDAQ: TSLA), and Taiwan Semiconductor (NYSE: TSM). These businesses are within striking distance of the trillion-dollar goal and could reach the mark within five years if everything goes right.
Meta Platforms is better known by its former name, Facebook. While its primary business is advertising on its family of apps -- Facebook, Instagram, Threads, WhatsApp, and Messenger -- it's also heavily involved with AI. Meta's goal is to create a more connected world, so it's focusing its AI research on seamless language translation, allowing someone who speaks only one language to communicate with people around the world.
Source Fool.com
Meta Platforms Inc. Stock
We see a rather positive sentiment for Meta Platforms Inc. with 10 Buy predictions and 2 Sell predictions.
As a result the target price of 500 € shows a slightly positive potential of 16.55% compared to the current price of 429.0 € for Meta Platforms Inc..
