Investors in social media companies like Meta Platforms (NASDAQ: META) are concerned about competition for attention from OpenAI’s new AI video generation model, Sora 2. Meta’s stock was down over 2% as OpenAI announced Sora 2’s capabilities, potentially impacting Meta’s AI ambitions. OpenAI’s ChatGPT already attracts billions of visitors monthly.

Meta Platforms’ CEO Mark Zuckerberg aims to develop “AI Superintelligence,” but OpenAI’s Sora 2 could challenge those ambitions. The company is investing heavily in AI infrastructure, but the competition from OpenAI’s advanced AI technology could pose a threat. The Motley Fool Stock Advisor team recommends 10 other stocks for investment over Meta Platforms.

Consider joining the Stock Advisor service to access the latest top 10 stock recommendations, which have historically outperformed the S&P 500 significantly. Past recommendations like Netflix and Nvidia have seen substantial returns, showcasing the potential for high growth. Meta Platforms, although not recommended, faces increasing competition in the AI space from companies like OpenAI.

Read more at Nasdaq: Why Meta Platforms Stock Was Wilting on Wednesday