"It owns three of the four most popular social media networks, which lets it collect user data and target media content. That advantage has made Meta the second-largest adtech company in the world. But the company also dominates the nascent smart glasses market. Meta is using artificial intelligence (AI) -- from custom chips to proprietary large language models -- to improve user engagement and advertising conversions across its portfolio of industry-leading social media."
"That makes him an excellent source of inspiration. Laffont had nearly 18% of his portfolio invested in three artificial intelligence stocks (each worth well over $1 trillion) as of the third quarter: 7.3% in Meta Platforms , 5.9% in Microsoft , and 4.7% in Amazon . He clearly has a great deal of confidence in those companies, and Wall Street anticipates substantial upside in all three stocks in the next year."
Philippe Laffont's Coatue Management outperformed the S&P 500 by 94 percentage points over the past three years. Laffont allocated nearly 18% of his portfolio to Meta (7.3%), Microsoft (5.9%), and Amazon (4.7%) as of Q3. Meta pairs digital-advertising dominance with a strategic push into smart glasses and AI, using custom chips and proprietary large language models to boost engagement and ad conversions. Analysts set a median target of $842 for Meta, implying 28% upside from $658, and project roughly 17% annual earnings growth over the next three years. Microsoft holds strong positions in enterprise software and cloud computing.
Read at The Motley Fool
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