This paper proposes a multi-objective hybrid ant colony optimization-particle swarm optimization (ACO-PSO) algorithm for virtual machine placement in cloud computing, aiming to minimize resource wastage, power consumption, and enhance load balancing. Simulation results indicate that the proposed algorithm outperforms existing methods by reducing resource and power wastage while providing fault tolerance. The study indicates a significant improvement in server efficiency, with future work planned to address service level agreement (SLA) violations.