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Artificial intelligence (AI) positively affected multiple businesses, including semiconductors, workplace collaboration software, and cloud computing. Consumers, companies, and governments are looking to make the most of this emerging technology to improve productivity.

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.

Meta Platforms (NASDAQ: META) is probably one of the most misunderstood companies out there. It is consistently judged by what it does with 5% of its business rather than how the other 95% is performing.

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.