Meta launches plan for $95B stock offering to fund AI expansion

Meta said Monday it plans to raise a total of $95 billion to support its investments in AI infrastructure and superintelligence, initially raising $35 billion in underwritten public equity offerings before an additional $60 billion through an at-the-market program. Nvidia, Advanced Micro Devices and Broadcom were interested in purchasing up to $5 billion in shares, Meta said, and the stock was down 1.6% in morning trading after the announcement. Meta said the investments will support "emerging AI opportunities" including its family of apps, its AI agent Muse and its data center business, and it plans to balance funding through operating cash flow, investment-grade debt, partnerships and equity capital.