Meta Platforms (META) In Talks with CleanSpark for Data Center Facility Lease

Meta Platforms, Inc. (NASDAQ:META) is one of the 10 Best AI Stocks to Buy in June. On June 6, TheFly reported that Meta is in discussion with data center developer CleanSpark (CLSK) to secure space in the latter’s data center facility.

Meta Platforms, Inc. (META) Makes "No Sense" As It's "Way Too Cheap," Says Jim Cramer

Photo by Jakob Owens on Unsplash

According to Green Street News Infrastructure, Meta is seeking to lease space at CleanSpark’s Sandersville, Georgie facility, which has a capacity of roughly 250 Megawatts.

Earlier on June 3, Meta launched its expanded Meta Business Agent, which now caters to businesses of all sizes around the world. The company said the Meta Business Agent supports companies in responding to their customers and can also deliver a morning briefing to catch you up on messages that they missed overnight. The expanded business agent also lets companies respond to customers using their local language and tone to deliver a more personalized experience.

Based on 70 analyst ratings compiled by CNN, 91% assigned a Buy rating to Meta, while 9% assigned a Hold rating. The stock has a median price target of $818.66, a 38.05% upside from the current price of $593.

Meta Platforms, Inc. (NASDAQ:META) is engaged in developing social media applications. It operates several popular social media platforms, including Facebook, WhatsApp, Instagram, and Threads.

While we acknowledge the risk and potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than META and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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