Llama has seen adoption as the building block of internal AI models for AT&T, Goldman Sachs, and Shopify. From January 2024 to July, Llama usage grew tenfold, which demonstrates rapid adoption.

Looser regulatory restrictions and an increased focus on AI from the incoming presidential administration could be a boon to leaders in the space.

Is now the right time to invest in a top AI player? Let's explore the risks and rewards of buying this market darling in the fall of 2024.

Meta Platforms (NASDAQ:META) recently reached a record $1.5 trillion market value, seeing the value of its shares rise 66% in 2024 and 387% since early 2023. This incredible move has positioned the social media giant as a top growth stock investors continue to focus on as a long-term winner.

Some investors might be reluctant to chase those breakneck gains, but plenty of overlooked AI stocks could still go parabolic in the future. Let's take a look at three stocks that fit this description: Innodata (NASDAQ: INOD), MicroStrategy (NASDAQ: MSTR), and Lumen Technologies (NYSE: LUMN).