Meta announces $95 billion stock offering to fund AI expansion

Meta Platforms announced on Monday plans to raise up to $95 billion in equity to fund the expansion of its AI infrastructure, including data centers and cloud computing power. According to Business Insider, the total amount will be raised across two stock sales. The company has already launched approximately $35 billion in offerings, which Business Insider specifies consists of about $22.5 billion in Class A common stock and $12.5 billion in depositary shares representing preferred stock.

The company also intends to launch a separate $60 billion at-the-market share sale program once its new non-voting Class C shares begin trading, which is expected in the first quarter of 2027, according to Quartz and Business Insider. Meta stated that these investments are intended to support AI opportunities and bring personal superintelligence to billions of people and businesses.

Nvidia, AMD, and Broadcom have expressed interest in purchasing up to $5 billion of Meta’s Class A common stock in the offering, though Business Insider notes these indications are not binding. Business Recorder reports that Meta has committed to spending approximately $825 billion in the future, driven primarily by investments in AI-related infrastructure and computing capacity.

Brief written by urgent.news from CNBC Technology, Quartz, Business Recorder, Business Insider, CNBC — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.