3 Scorching Hot Growth Stocks That Are Capitalizing on AI

Sunday, 31 March 2024, 12:45

Discover how Meta Platforms, UiPath, and Trimble are successfully investing in and monetizing AI to drive growth in 2023. Meta Platforms excels in user engagement with AI-led innovations like Instagram Reels. UiPath is a leader in business automation solutions, showing growth in ARR and cash flow. Trimble utilizes AI to generate actionable insights across industries, improving decision-making and workflows.
https://store.livarava.com/7b626cb5-ef5d-11ee-8913-87cc5c87fb08.jpg
3 Scorching Hot Growth Stocks That Are Capitalizing on AI

Meta is leveling up with AI

Daniel Foelber (Meta Platforms): Chip giants like Nvidia provide the processing backbone needed to run complex AI models. While the semiconductor industry has been front and center of the AI growth narrative, the whole story falls apart if companies aren't monetizing AI. Meta Platforms is one of the best and most easily understandable examples of what successful AI investment looks like. Social media apps make money on advertising, and advertisers want to see high user engagement and targeted messaging. An ad does little good if it reaches the wrong audience and people don't regularly visit the platform.

Highlights:

  • Meta Platforms excels in user engagement with AI.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe