From Yahoo Finance: 2025-03-29 10:03:00

Jericho Capital Asset Management has selected Meta Platforms, Inc. (NASDAQ:META) as one of its top 10 stocks to buy. The hedge fund, founded by Josh Resnick, specializes in long/short equity strategies across technology, media, and telecommunications sectors, offering financial planning services to institutional clients and high-net-worth individuals.

Jericho Capital employs a long/short investment strategy, focusing on undervalued securities and special opportunities. The firm warns investors of significant risks, including potential capital loss due to market fluctuations. Despite the risks, its approach attracts investors seeking high returns in the hedge fund industry.

Josh Resnick, the founder and managing partner of Jericho Capital, has a strong background in finance and investment. He previously worked at TCS Capital and KPE Ventures, specializing in TMT investments. Resnick’s leadership and expertise make Jericho Capital a notable player in the investment world.

Meta Platforms, Inc. (NASDAQ:META) is in discussions with Reliance Industries to expand AI initiatives in India. OpenAI and Meta aim to enhance product distribution and advertising through potential partnerships with Reliance. However, Indian regulators are closely monitoring foreign AI firms’ influence in the country.

Meta Platforms, Inc. (NASDAQ:META) continues to invest in AI infrastructure, with projected expenses of up to $119 billion for 2025. The company is expanding its AI initiatives and has seen strong financial growth, with Q4 2024 revenue surging 21% year-over-year to $48.4 billion. Meta’s AI advancements have driven significant performance gains.

Jericho Capital ranks Meta Platforms, Inc. (NASDAQ:META) 5th on its list of top stocks to buy. While META shows promise as an investment, the firm believes other AI stocks might offer greater returns in a shorter time frame. For investors seeking promising AI stocks, Jericho Capital suggests exploring alternatives with potential for significant gains.

Read more: Meta Platforms, Inc. (META) Among Best Stocks to Buy According to Jericho Capital Asset Management