Meta Platforms, Inc. (NASDAQ:META)is one of the10 Buzzing AI Stocks on Wall Street Right Now. On July 1, Bank of America reiterated the stock as “Buy.” The firm said that it’s bullish on reports that Meta has created a new Superintelligence Labs unit.

“According to a leaked internal memo, Meta’s AI efforts will now operate under a new group called Superintelligence Labs, led by Alexandr Wang, former CEO of ScaleAI.”

Previously, it was reported that Meta is hiring four more OpenAI artificial intelligence researchers in addition to the three hired last week.

As per the report, Shengjia Zhao, Jiahui Yu, Shuchao Bi, and Hongyu Ren are the researchers who have each agreed to join Mark Zuckerberg’s superintelligence efforts.

Meta Platforms, Inc. (NASDAQ:META) is a global technology company.

While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.