We recently published a list of 10 AI Stocks on Wall Street’s Radar. In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against other AI stocks on Wall Street’s radar.

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On May 28, CNBC reported that Meta Platforms, Inc. (NASDAQ:META)’s artificial intelligence assistant, Meta AI, has one billion monthly active users across the company’s family of apps.

CEO Mark Zuckerberg disclosed the news at the company’s annual shareholders meeting, stating how the “focus for this year is deepening the experience and making Meta AI the leading personal AI with an emphasis on personalization, voice conversations, and entertainment.”

CNBC further remarked how this milestone follows Meta’s April rollout of its stand-alone app for the tool. Zuckerberg wants the AI tool to keep growing before a business can be built around it. As the Meta AI assistant improves over time, “there will be opportunities to either insert paid recommendations” or offer “a subscription service so that people can pay to use more compute.”

“It may seem kind of funny that a billion monthly actives doesn’t seem like it’s at scale for us, but that’s where we’re at.”

-Zuckerberg told shareholders.

Overall, META ranks 1st on our list of AI stocks on Wall Street’s radar. While we acknowledge the potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than META and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.