BofA Securities Asserts Buy Stance as Meta Platforms, Inc. (META) Inks Nuclear deals to Support AI Infrastructure

Meta Platforms Inc. (NASDAQ:META) is one of the best blue-chip stocks to buy for 2026. On January 9, CNBC reported that Meta Platforms Inc. (NASDAQ:META) has signed nuclear energy deals with Vistra, TerraPower, and Oklo. The deals are part of the company’s bid to secure clean energy to power its Prometheus supercluster as it seeks to develop superintelligence.

Prometheus is one of the company’s advanced artificial intelligence efforts spanning multiple data center buildings. The deals are expected to support 6.6 gigawatts of new and existing clean energy by 2035. An agreement with Terra Power is likely to result in the development of two new Natrium units capable of generating 690 megawatts.

Meta will also buy more than 2.1 gigawatts of energy from Vistra nuclear plants in Ohio. A deal with Oklo will result in the development of 1.2 gigawatts of power to support Meta’s data centers.

Meanwhile, on January 12, BofA Securities reiterated a Buy rating and an $810 price target on Meta Platforms following confirmation of the nuclear energy deals. The research firm expects the deals to address power availability constraints for data center expansion. The company is also likely to secure capacity and pricing certainty for its AI infrastructure growth.

Meta Platforms, Inc. (NASDAQ:META) is a technology company that offers solutions to connect people through social media (Facebook, Instagram, WhatsApp, Messenger, Threads). It’s also heavily investing in the “metaverse” with virtual and mixed-reality hardware (like Meta Quest) and software, while using targeted advertising for revenue.

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.