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Barchart
Sushree Mohanty

Here's Why Meta Platforms Is the Top AI Stock to Watch Right Now

Meta Mark Zuckerberg Reality Labs Susan Li Artificial Intelligence Facebook

The popular term “Magnificent Seven” was awarded to the seven U.S. tech giants Meta Platforms (META) (formerly Facebook), Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL) (Google's parent company), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA) by Bank of America analyst Michael Hartnett. These seven companies represent pillars of innovation, profitability, and market dominance. And with the rise of artificial intelligence (AI), these seven have raised the stakes in the tech game very high this year.

Within this elite group, Meta Platforms is gaining a lot of traction with its AI-driven efforts and strong third-quarter results. Meta’s stock has gained a massive 177% year-to-date, wildly outperforming the tech-heavy NASDAQ Composite’s ($NASX) 35% gain. Let’s find out if Meta Platforms is the crown jewel of the Magnificent 7.

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