Betting on the Future of Tech: A Deep Dive Into 2 Promising AI Stocks for 2023
Artificial intelligence (AI) is increasingly becoming an inevitable part of our daily lives. While businesses are adopting AI in areas such as operations, customer service, and analytics, customers are also using AI-based services for payments, e-commerce, and online education.
With AI emerging as the next big trend in the coming decade, investors stand to benefit by capitalizing on this theme. Here's why Meta Platforms (NASDAQ: META) and Symbotic (NASDAQ: SYM) can prove to be attractive AI-focused companies in the long run.
After a turbulent 2022, share prices of Meta Platforms rebounded significantly in 2023, with a remarkable 166% jump so far. CEO Mark Zuckerberg's focus on cost optimization seems to have paid off, and the company is back on a path to growing revenue and earnings. The company ended the second quarter with $32 billion in revenue and a solid 29% operating margin.
Source Fool.com
Meta Platforms Inc. Stock
With 9 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 500 € there is a slightly positive potential of 14.86% for Meta Platforms Inc. compared to the current price of 435.3 €.
