"Meta's 2024 Outlook: Is It the Top AI Stock to Buy Post-Recovery?"

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Source: The Motley Fool
"Meta's 2024 Outlook: Is It the Top AI Stock to Buy Post-Recovery?"
Photo: The Motley Fool
TL;DR Summary

Meta Platforms is highlighted as a smart investment for AI stock with its significant advancements in machine-learning algorithms and generative AI, including the efficient Llama 2 model. Despite other companies like Microsoft and Amazon investing heavily in AI, Meta's large cash reserves, strong free cash flow, and ongoing innovation in AI applications for its massive user base make it an attractive stock, trading at less than 20x analysts' 2024 earnings expectations. The company's focus on efficiency and the potential for licensing revenue from its open-source Llama model further bolster its investment appeal.

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