Billionaire investor Bill Ackman made a bold move by adding a $1.8 billion position in Meta Platforms to his portfolio in Q4, making it his fifth-largest position. Despite criticisms of Meta’s aggressive AI spending, Ackman sees the company as deeply discounted with a strong business model to leverage AI effectively.

Meta Platforms has been experiencing strong growth fueled by AI investments, with Q4 revenue increasing by 24%. The company’s daily active users continue to climb, reaching 3.58 billion. Meta also projects further revenue growth acceleration in Q1, with opportunities in WhatsApp ads and the Threads platform.

While Ackman’s endorsement of Meta Platforms is positive, investors should consider other stock options. The Motley Fool’s Stock Advisor team has identified 10 top stocks with potential for significant returns, excluding Meta Platforms. Stock Advisor has a history of market-crushing outperformance, so it’s worth exploring their recommendations.

Read more at Nasdaq: A Billionaire Just Bet Big on This AI Stock. Should Investors Follow Suit?