Technology
Meta plans $95 billion share sales to fund AI
Nvidia, AMD and Broadcom have expressed interest in buying up to $5 billion of the shares, but Meta says those expressions are not binding.
The answer
Meta plans to raise up to $95 billion from stock sales to fund AI spending.
What happened: Meta said on Monday, 26 October 2026, that it plans to raise up to $95 billion from share sales to fund its artificial intelligence investments, according to DPA via Yahoo Finance.
The numbers: Summaries of the announcement, not yet checked against the original text, say the raise starts with $35 billion in underwritten public equity offerings, followed by $60 billion through an at-the-market programme. Bloomberg reports that Meta is selling common and preferred stock.
The context: The announcement follows third-quarter results in which revenue rose 26%, according to an Epoch Times summary. Meta projected full-year capital expenditure of $135 billion to $145 billion, the summary says. Shares fell about 1.6% in morning trading after the announcement, according to summaries.
The catch: Meta said Nvidia, AMD and Broadcom had expressed interest in buying up to $5 billion of shares combined. It said those expressions were "neither binding agreements nor firm purchase commitments".
Who's affected: Reports citing Bloomberg say a new non-voting share class could let some stock be sold without diluting Mark Zuckerberg's stake.
Why it matters: The raise ties Meta's AI spending to its shares. Investors are already focused on negative free cash flow and higher capital spending.
What's next: Summaries say Meta plans to balance the spending with operating cash flow, investment-grade debt, partnerships and equity.
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