1 Artificial Intelligence (AI) Stock That Could Be Worth $2 Trillion By 2030 [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
These relatively small companies can be incredibly innovative, but it's hard -- and risky -- to try to profit from the AI boom by investing in privately held start-ups. Thankfully, there is no shortage of established corporations on the market that should benefit from the rise of AI. One of the better bets in this field is none other than Facebook parent Meta Platforms (NASDAQ: META) with a market capitalization of $1 trillion. Let's find out why the stock could double in value by 2030. Going all in on AI Meta Platforms makes most of its money through advertising. However, the company is quickly implementing various AI initiatives to support and improve its existing primary revenue source while seeking to ramp up new ones. Perhaps Meta's most important move in AI has been the release of its large language model (LLM), Llama, which it first launched last year. Llama is the backbone behind some of Meta Platforms' other AI-related offerings, including Meta AI, a virtual assistant
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META
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- 2/1/24 - Beat
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- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- META's page on the SEC website