Billionaires Are Buying an AI Stock That Could Be the Apple of the 2030s

Apple (NASDAQ: AAPL) revolutionized mobile computing when it launched the first iPhone in 2007. Since then, smartphones have gradually become our primary computing devices, but it stands to reason that another technology could eventually fill that role.Meta Platforms (NASDAQ: META) is betting on smart glasses. The company currently earns the vast majority of its money by selling targeted ads across its social media properties. But smart glasses developed by its Reality Labs business unit could eventually become a major source of revenue, especially with assistance from its Superintelligence Labs unit.The following hedge fund billionaires, all of whom outperformed the S&P 500 over the past three years, bought shares of Meta Platforms in the third quarter.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool