Meta Platforms (META) Announces That Commitments to Oklo and TerraPower Help Next Generation of Developers

Meta Platforms, Inc. (NASDAQ:META) is one of the Best Fundamental Stocks to Buy According to Analysts. On January 9, the company announced that its commitments to Oklo and TerraPower help the next generation of American developers in creating safer, advanced nuclear reactors as well as accelerating the development of nuclear technologies.

Through Meta Platforms, Inc. (NASDAQ:META)’s partnership with Vistra, the company is offering financial support to operate nuclear power plants, extend operational lifespan, as well as increase energy production at Perry and Davis-Besse plants in Ohio and the Beaver Valley plant in Pennsylvania.

Meta Platforms, Inc. (NASDAQ:META) also announced that such projects are anticipated to offer numerous construction jobs and hundreds of long-term operational jobs, helping up to 6.6GW of new as well as existing clean energy by 2035. These projects add reliable and firm power to the grid and reinforce America’s nuclear supply chain.

In a different update, Guggenheim reduced the firm’s price objective on Meta Platforms, Inc. (NASDAQ:META)’s stock to $800 from $875, while keeping a “Buy” rating. Notably, the reduced target exhibits an assumption of increased investment levels.

While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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