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

Core Insights - Meta Platforms Inc. is recognized as a strong investment opportunity for 2026, particularly following its recent nuclear energy agreements aimed at supporting its AI infrastructure [1][4] Group 1: Nuclear Energy Deals - Meta has signed nuclear energy agreements with Vistra, TerraPower, and Oklo to secure clean energy for its Prometheus supercluster, which is focused on developing superintelligence [1][2] - The agreements are projected to support 6.6 gigawatts of new and existing clean energy by 2035, with TerraPower's deal expected to develop two Natrium units generating 690 megawatts [2] - Meta will acquire over 2.1 gigawatts of energy from Vistra's nuclear plants in Ohio, and the deal with Oklo will facilitate the development of 1.2 gigawatts of power for Meta's data centers [3] Group 2: Investment Outlook - BofA Securities has reiterated a Buy rating for Meta Platforms, setting a price target of $810, citing the nuclear energy deals as a means to alleviate power availability constraints for data center expansion [4] - The company is anticipated to gain capacity and pricing certainty for its AI infrastructure growth through these agreements [4] Group 3: Company Overview - Meta Platforms, Inc. operates in the technology sector, providing social media solutions through platforms like Facebook, Instagram, WhatsApp, Messenger, and Threads, while also investing in the metaverse with virtual and mixed-reality hardware and software [5]