Meta Platforms and Amazon: Billionaires' Top Picks for AI-Shaped Future of Technology

Several billionaires, including Chris Rokos, Louis Bacon, and Steven Cohen, have increased their stakes in Meta Platforms and Amazon, which have generated significant gains over the last decade. Meta owns three popular social media networks and is a market leader in smart glasses. The company's Orion smart glasses, which blend augmented and virtual reality, have the potential to revolutionize personal computing. Amazon is shaping the future of technology with innovations in AI, AR, and robotics.

Several prominent hedge fund billionaires, including Chris Rokos, Louis Bacon, and Steven Cohen, have significantly increased their stakes in Meta Platforms and Amazon, indicating confidence in these companies' technological innovations and future prospects. Meta, the parent company of Facebook, Instagram, and WhatsApp, is a market leader in smart glasses and augmented reality (AR) technology. Amazon, on the other hand, is at the forefront of artificial intelligence (AI), AR, and robotics advancements.

Meta's recent announcement of the 'Hypernova' AI-powered smart glasses exemplifies the company's ambitious strategy in the AR space. Expected to be unveiled at Meta's annual Connect event on September 17, Hypernova integrates AI and AR technologies, marking a significant step in Meta's AR strategy. The device, set for a limited production run of 150,000 to 200,000 units over two years, aims to serve as a testing ground for Meta's AR ambitions rather than a mass-market product [1].

Amazon, meanwhile, has been focusing on sustainable energy sources and AI advancements. The company recently announced a key partnership aimed at advancing nuclear technology, signaling a strategic shift towards sustainable energy [2]. Additionally, Amazon's practical AI guidebook and positive financial projections, including a reported Q2 revenue growth of $168 billion, further underscore its commitment to innovation [2].

Both companies have seen substantial share price appreciation over the last decade, with Meta's shares increasing by 760% and Amazon's shares rising by 810% [3]. This performance has drawn the attention of billionaire investors, who have increased their stakes in these companies. Chris Rokos at Rokos Capital Management, for instance, purchased 227,100 shares of Meta Platforms and 379,600 shares of Amazon, while Louis Bacon at Moore Capital Management added 57,200 shares of Meta Platforms and 444,100 shares of Amazon [3]. Steven Cohen at Point72 Asset Management also increased his stake in Amazon by purchasing 1.6 million shares [3].

As Meta and Amazon continue to innovate in AI, AR, and robotics, their stock prices remain attractive to investors. The companies' strategic goals, including the development of AR ecosystems and sustainable energy sources, position them as leaders in shaping the future of technology. The recent increases in stakes by prominent billionaires further bolster investor confidence in these companies' long-term growth prospects.

References:
[1] Meta's Ambitious Move into AI-Powered Smart Glasses. The Outpost. [URL](https://theoutpost.ai/news-story/meta-s-hypernova-ai-smart-glasses-an-experimental-leap-into-ar-and-ai-integration-19576/)
[2] Amazon.com (AMZN) Partners to Expand Nuclear Reactor Tech and Launch AI Guidebook. Simply Wall St. [URL](https://simplywall.st/stocks/us/retail/nasdaq-amzn/amazoncom/news/amazoncom-amzn-partners-to-expand-nuclear-reactor-tech-and-l)
[3] Billionaires Buy 2 Stocks Shaping Future Technology. The Motley Fool. [URL](https://www.fool.com/investing/2025/08/28/billionaires-buy-2-stocks-shape-future-technology/)