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social media giant Meta PlatformsThe Motley Fool
•75% Informative
Nvidia (NASDAQ: NVDA ) is a key beneficiary and enabler of the AI boom.
Investors who find Nvidia expensive can consider opting for social media giant Meta Platforms as another exceptional way to ride the AI wave.
The company's prowess in building cutting-edge consumer-facing products is unbeatable, and the recently released Meta AI assistant is no exception.
Meta ended the first quarter with $58.1 billion in cash and marketable securities.
Despite these positives, Meta is trading at just under 9 times sales.
It is still quite reasonable for a company expected to grow its revenue by 17.7% in fiscal 2024 .
The robust AI strategy and broad scale make it a compelling stock to buy now.
VR Score
77
Informative language
82
Neutral language
11
Article tone
formal
Language
English
Language complexity
58
Offensive language
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Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
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Time-value
medium-lived
External references
5
Source diversity
2
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