Meta Platforms Inc.Meta is in talks to lease AI capacity to Anthropic in a potential $10 billion deal, indicating strong demand for its AI computing services.

Meta Platforms stock has drawn attention following reports of talks to lease AI computing capacity to Anthropic in a potential $10 billion deal over two years. The shares recently traded around $645 after pulling back from an intraday high near $686, while analyst targets sit near $823 and intrinsic estimates around $915. A widely followed narrative values the stock at $740 per share, suggesting it is undervalued, supported by Meta's $81 billion in liquidity, $43.6 billion in free cash flow, and a 41% operating margin. However, risks remain if regulatory pressure on youth usage intensifies or Reality Labs continues to post heavy losses without clearer payback.
Meta Platforms Inc.Meta is in talks to lease AI capacity to Anthropic in a potential $10 billion deal, indicating strong demand for its AI computing services.