3 Reasons to Buy This Artificial Intelligence (AI) Stock Like There Is No Tomorrow
Artificial intelligence (AI) isn't new, but novel applications of the technology have become extremely popular in the past few years. Demand for AI-based services is already high, but according to some experts, we're arguably still in the early innings of this revolution.Though many corporations are cashing in on this and are attractive from an investment viewpoint, one of my favorites is Meta Platforms (NASDAQ: META), the parent company of Facebook. Here are three reasons it is a top AI stock to buy.Meta Platforms' AI initiatives include Meta AI, a chatbot the company first released in late 2023. Almost two years later, Meta AI boasts nearly 1 billion monthly active users. How was the tech giant able to scale this service so fast? The answer is that Meta Platforms already has a vast ecosystem of users across its websites and apps. As of the first quarter, Meta Platforms had 3.4 billion daily active users.Continue reading
Artificial intelligence (AI) isn't new, but novel applications of the technology have become extremely popular in the past few years. Demand for AI-based services is already high, but according to some experts, we're arguably still in the early innings of this revolution.
Though many corporations are cashing in on this and are attractive from an investment viewpoint, one of my favorites is Meta Platforms (NASDAQ: META), the parent company of Facebook. Here are three reasons it is a top AI stock to buy.
Meta Platforms' AI initiatives include Meta AI, a chatbot the company first released in late 2023. Almost two years later, Meta AI boasts nearly 1 billion monthly active users. How was the tech giant able to scale this service so fast? The answer is that Meta Platforms already has a vast ecosystem of users across its websites and apps. As of the first quarter, Meta Platforms had 3.4 billion daily active users.
