Want to Profit From the Artificial Intelligence (AI) Boom? Buy Meta Platforms Stock.
You don't have to have your head in the cloud when it comes to investing in artificial intelligence (AI). Sure, cloud service providers like Google parent Alphabet, Amazon, and Microsoft could deliver strong growth. So can these companies' go-to provider of AI chips -- Nvidia.
But if you want to profit from the AI boom, there's another stock to consider: Meta Platforms (NASDAQ: META). The company's recent second-quarter update underscored why Meta is poised to be a huge AI winner.
With Meta, AI isn't a technology that investors hope might pay off sometime down the road. The company is already making a lot of money thanks to AI.
Source Fool.com
Meta Platforms Inc. Stock
€473.55
-0.380%
We see a rather positive sentiment for Meta Platforms Inc. with 7 Buy predictions and 2 Sell predictions.
As a result the target price of 500 € shows a slightly positive potential of 5.59% compared to the current price of 473.55 € for Meta Platforms Inc..
