$Meta Platforms (META.US)$
Although Meta has shown amazing growth in the company this year, its stock price remains within a reasonable valuation range. The recovery of digital advertising over the past year helped Meta's second-quarter revenue grow by 22% year-on-year, the second highest growth rate in the “Magnificent Seven”. Meta is proving it can successfully enhance its advertising business through artificial intelligence (AI), purchasing a large number of Nvidia GPUs to support its AI infrastructure. The company also launched the Llama series of large language models in February 2023, since then has been making significant progress. Compared to last year, Meta's revenue doubled, and it continues to invest in new AI features, such as its Meta AI on social media platforms, while strictly controlling operating costs. This precise cost management helped its earnings per share grow by 73% year-on-year in the second quarter. Meta's AI enhancements to the Advantage+ advertising tool have improved ad delivery efficiency, helping advertising clients achieve better advertising roi. The company claims these new tools have brought U.S. advertisers a 22% higher return on ad spend, which also explains why Meta's revenue growth is so strong. In this AI era, Meta will obviously benefit greatly. The company generated $49 billion in free cash flow in the past year, making it a leader...