Meta Platforms, Inc. (NASDAQ:META) is one of the best long term stocks to invest in according to billionaires. Reuters announced on March 16 an agreement between Meta Platforms, Inc. (NASDAQ:META) and Amsterdam-based AI  infrastructure firm Nebius Group for the latter to provide the former $12 billion worth of AI computing capacity across multiple locations by ​2027. The agreement also states that Meta Platforms, Inc. (NASDAQ:META) will buy an additional $15 billion worth of ​capacity planned by Nebius over the coming five years if it ⁠is not sold to other customers, bringing the total value of the contract to up to $27 billion.

Reuters also provided additional context, stating that Nvidia announced plans to invest $2 billion to ​buy an 8.3% stake in Nebius, which uses Nvidia chips in its data centers.

Additionally, Meta Platforms, Inc. (NASDAQ:META) announced on March 11 that it is expanding its customer silicon to power its AI workloads, stating that it is developing and deploying four new generations of MTIA chips within the next two years aimed at supporting ranking and recommendations, along with GenAI workloads. The company’s new generation of chips expands on its custom silicon portfolio, which marks the center of its AI infrastructure strategy.

Meta Platforms, Inc. (NASDAQ:META) builds technological products that allow people to share, connect, grow businesses, and find communities. These products help people connect through personal computers, mobile devices, virtual reality (VR), mixed reality (MR) headsets, and wearables.

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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