他的评论是在Meta的第二季度业绩超出华尔街预期的背景下发布的，公司的每股收益为5.16美元，而市场预期为4.73美元，收入为390.7亿美元，预期为383.1亿美元。该科技巨头对第三季度的收入指引为385亿到410亿美元。尽管Meta的股价在过去几天经历了一些波动，但今年迄今为止仍上涨了63%。Hedge fund managers are confident in the prospects of Meta and nvidia, believing that Meta has achieved excellent performance through the effective application of ai, while nvidia's leadership position in the ai chip market is unrivaled.
Hedge fund manager Dan Niles is particularly optimistic about a technology stock entering 2025. This stock is$Meta Platforms (META.US)$. Niles manages an active fund of 20 to 40 large cap US stocks at Niles Investment Management, emphasizing the company's effective use of artificial intelligence on its internal platform.
He explained that Meta, for example, can predict what videos and ads users want to see through AI algorithms. 'This brings better revenue and profitability for the company... They exceeded expected revenue, surpassing earnings per share (EPS) from the previous quarter,' Niles said in an interview with CNBC Asia Trading Hours on October 3.
His comments were made against the backdrop of Meta's second-quarter performance beating Wall Street expectations, with earnings per share of $5.16 against an expected $4.73, revenues of $39.07 billion against an expected $38.31 billion. The tech giant's revenue guidance for the third quarter is $38.5 billion to $41 billion. Despite some recent fluctuations in Meta's stock price in the past few days, it has still risen by 63% year-to-date.
Meta is one of the so-called 'Seven Giants', with many investors expressing positive attitudes towards it this year. Other stocks on the list include$Alphabet-A (GOOGL.US)$,$Amazon (AMZN.US)$,$Apple (AAPL.US)$,$Microsoft (MSFT.US)$,$NVIDIA (NVDA.US)$And.$Tesla (TSLA.US)$Neilson pointed out that Meta is "indeed the best company internally using artificial intelligence". The seasoned investor describes his investment style as seeking "growth at reasonable prices", while hoping to "see the returns from artificial intelligence". He expects that the tech giant will benefit from the upcoming "fiercely competitive" US presidential election in November, as there will be "a large amount of advertising spending" at that time.
'A really nice thing is that you can get it at a multiple far above market, which is much better than market growth, and it's the best AI company in use. So, after considering all these different factors, that's why I'm still bullish on Meta next year, because of reasonable valuation, good growth, and the opportunity in artificial intelligence,' Niles added.
According to FactSet data, out of the 69 analysts covering the stock, 59 rate it as buy or shareholding, 8 rate it as hold, and 2 rate it as shareholding or sell. The stock's average target price is $588.61, with a 2.8% upside potential.
In addition to Meta, Niles is also keeping an eye on chip manufacturer Nvidia. This AI 'darling' continues to be a news focus, with the stock up nearly 140% this year. Niles calls it a 'quality stock,' stating 'not just the chips they provide, but the more important thing that people haven't paid enough attention to, which is software.' He is particularly bullish on CUDA – a GPU programming language developed by Nvidia, further solidifying its dominance in the AI chip market.
NVIDIA CEO Huang Renxun "has done an excellent job in promoting [CADA] to fields such as universities, making every engineer accustomed to using it. As a former engineer, once you get used to something, you don't want to change," Nils said. "Coupled with their best hardware on Earth, their leading position in this field will continue for a long time. I think it will be very difficult for anyone to replace them."
According to FactSet's data, out of the 65 analysts covering the stock, 60 have a buy or shareholding rating, while only 5 have a hold rating. The average target price of analysts is $149.54, with a 25.8% upside potential.
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