Meta said on October 26 that it plans to raise US$95 billion through stock sales to fund AI infrastructure and superintelligence investments.

The company will begin with a US$35 billion underwritten public equity offering, followed by a US$60 billion at-the-market program.

Meta shares fell 1.6% in morning trading after the announcement. The company said Nvidia, Advanced Micro Devices, and Broadcom were interested in buying up to US$5 billion of the shares.

The fundraising follows investor concern about Meta’s capital spending. The company raised the lower end of its full-year capital expenditure forecast to US$135 billion from US$130 billion. The upper end remains US$145 billion.

🔗 Source: CNBC

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