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X Log In Sign Up Premium #1 AI Stock to Buy * Markets * News * Tech * Market Movers * Futures Forex * Macroeconomic Predictions * Economy * Industries * Options * Insider Trading * Main * Education Center * Stock Screener * Insider Purchases * Insider Sales * Browse Companies * Transcripts * Latest 13D & 13G Filings * Hedge Funds * Main * Education Center * Browse Hedge Funds * Investor Letters * Best Performing * Worst Performing * Other Institutional Investors * Retirement * ETF Trading * Commodities * Gold * Dividend Stocks * Opinion * Main * Hedge Fund Analysis * Stock Analysis * We Disagree * Lists * Authors * Premium * Newsletters * My Subscriptions * Premium Readership * Log In * Sign Up Our #1 AI Stock Pick is on a steep discount - 29$ instead of 99$! Click here to access exclusive investment research and ad free browsing! Our #1 AI Stock Pick is on a steep discount - 29$ instead of 99$! Click here to access exclusive research! X Companies 0 See All Hedge Funds 0 See All Insiders 0 See All Institutional Investors 0 See All Click here to see all results for Sorry, no results has been found matching your query. News META PLATFORMS (META): TRANSFORMING LOUISIANA WITH A $5 BILLION AI DATA CENTER PUBLISHED ON NOVEMBER 26, 2024 AT 4:02 PM BY ATTIYA ZAINIB IN NEWS Share Tweet Email We recently published a list of 10 Trending AI Stocks on Latest News and Ratings. In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against other trending AI stocks on latest news and ratings. Latest reports suggest that the United Kingdom is launching a Laboratory for AI Security Research (LASR) to strengthen national security and cyber defense in response to evolving threats in the AI arms race. Backed by an initial £8.22 million in government funding, LASR will unite industry, academia, and government experts to explore the impact of AI on security. This initiative complements the UK’s broader cybersecurity strategy, including the upcoming Cyber Security and Resilience Bill and the designation of data centers as critical infrastructure. Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs. The laboratory will adopt a catalytic model to attract further investment and collaboration. The announcement follows heightened global concerns about state actors leveraging AI for malicious purposes, such as North Korea’s use of AI for cyberattacks. Additionally, the UK government has also unveiled a £1 million incident response initiative to bolster allied cyber defense capabilities, highlighting AI’s dual potential as both a security risk and a tool for good. Read more about these developments by accessing 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities. For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here). Photo by Timothy Hales Bennett on Unsplash META PLATFORMS, INC. (NASDAQ:META) Number of Hedge Fund Holders: 235 Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family. The company is planning to build an AI data center in Louisiana. Local news outlets report that District 5 Public Service Commissioner Foster Campbell has said that the AI facility in Richland Parish will be a game changer for the region. Per the local reports, the project is estimated to cost $5 billion, and public filings show it will be hiring 300 to 500 people with an average salary of $82,000. Overall, META ranks 3rd on our list of trending AI stocks on latest news and ratings. While we acknowledge the potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than META but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock Disclosure: None. This article is originally published at Insider Monkey. Share Tweet Email Yahoo Finance Related Insider Monkey Articles Is Chevron Corporation (CVX) the Best Dividend Aristocrat Stock To Buy Right...Dan Niles Says Amazon.com (AMZN)’s Latest Earnings Was ‘Real Surprise’... Here is Why Warren Buffett Sold AAPL StockIntel Corporation (INTC) Highlights AI PC Benefits with Study Showing 4 Hours... Is Alphabet Inc. (GOOGL) A Buy, Hold, Or Sell in 2025?Taiwan Semi (TSM) $65B US Investment: Will America Lead in Advanced Semiconductors... 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