Forget Nvidia: Buy This Magnificent Artificial Intelligence (AI) Stock Instead
Nvidia has captured the vast majority of artificial intelligence (AI) investment dollars. This has shown up in its pricey valuation, and I think it's time for investors to look elsewhere for AI investments.
Meta Platforms (NASDAQ: META) is one of the top AI investments that I think doesn't get enough attention. This is a premier company, and its valuation is attractive despite the stock being near all-time highs. I think Meta is one of the best buys in the market and should be considered long before Nvidia.
Meta Platforms is the parent company of hugely popular social media platforms Facebook, Instagram, Threads, WhatsApp, and Messenger. Meta makes money on these platforms through advertising. Indeed, 98% of Meta's Q2 revenue came from advertising, so it's critical that this industry continues to do well. Advertising is cyclical, so this side will eventually see some more challenges, but it's doing great right now.
Source Fool.com
Meta Platforms Inc. Stock
With 8 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 515 € there is a slightly positive potential of 12.51% for Meta Platforms Inc. compared to the current price of 457.75 €.
