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Apple and Qualcomm could be big beneficiaries of Meta's open-source AI strategy.
When Meta Platforms (META -2.99%) announced that it is open-sourcing its artificial intelligence model there were some surprising winners. In this video, Motley Fool Contributor Travis Hoium highlights why Apple (AAPL -2.51%) and Qualcomm (QCOM 0.97%) are likely to benefit from the strategy.
*Stock prices used were end-of-day prices of July 20, 2023. The video was published on July 21, 2023.
Travis Hoium is a contributing Motley Fool Stock Market Analyst covering solar energy, technology, and growth stocks. Prior to The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a B.S. in Mechanical Engineering from The University of Minnesota and a M.B.A. from The Carlson School of Management at the University of Minnesota. When he’s not thinking about stocks, he spends time with his wife and three kids, and periodically competes in half-Ironman races.
Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Apple. The Motley Fool has positions in and recommends Apple, Meta Platforms, Nvidia, and Qualcomm. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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