Meta Platforms Inc. is a top AI stock in D.E. Shaw’s holdings
Meta Platforms Inc. has been in the news due to its decision to sell excess computing capacity.
The firm’s shares are down by 13% over the past year and by 2.9% year-to-date.
Cantor Fitzgerald reiterated a Buy rating and a $750 share price target on Meta Platforms Inc.’s shares, citing its aggressive focus on artificial intelligence.