Meta announces $95 billion stock offering to fund AI expansion

Source: press CNBC•

Meta announces $95 billion stock offering to fund AI expansion

Meta [[L1]] Monday it is planning to raise a total of $95 billion to support its investments in artificial intelligence infrastructure and superintelligence. The stock was down 1.6% in morning trading after the announcement. Nvidia, Advanced Micro Devices and Broadcom were interested in…

Meta said Monday it is planning to raise a total of $95 billion to support its investments in artificial intelligence infrastructure and superintelligence.

The stock was down 1.6% in morning trading after the announcement. Nvidia, Advanced Micro Devices and Broadcom were interested in purchasing up to $5 billion in shares, Meta said in a statement.

← All articles

What this article says

More in Consumer

All →
Apple unveils new iPad mini with OLED display and faster A20 Pro chipПресса
Apple

Apple unveils new iPad mini with OLED display and faster A20 Pro chip

Big profits. Bigger spending questions.
eToro

Big profits. Bigger spending questions.

[Interview] Sound That Connects: 80 Years of Audio and the Future of Connected Experiences
Samsung Electronics

[Interview] Sound That Connects: 80 Years of Audio and the Future of Connected Experiences

Instacart reportedly discussed selling itself with DoorDash and UberПресса
DoorDash

Instacart reportedly discussed selling itself with DoorDash and Uber

Phantom Puts Its CFTC No-Action Relief to Work, Bringing Prediction Markets to US Users
Phantom

Phantom Puts Its CFTC No-Action Relief to Work, Bringing Prediction Markets to US Users

Meta shares are down 9% this week. Here's why Mike Khouw is buying nowПресса
Meta

Meta shares are down 9% this week. Here's why Mike Khouw is buying now

More from Meta

Meta shares are down 9% this week. Here's why Mike Khouw is buying nowПресса
Meta

Meta shares are down 9% this week. Here's why Mike Khouw is buying now

Meta stock sinks nearly 7% as AI spend pushes free cash flow negativeПресса
Meta

Meta stock sinks nearly 7% as AI spend pushes free cash flow negative

Mark Zuckerberg’s creative plan to pay California’s proposed billionaire tax without losing control of MetaПресса
Meta

Mark Zuckerberg’s creative plan to pay California’s proposed billionaire tax without losing control of Meta

Meta’s deal to keep Zuckerberg in California adds fuel to wealth tax debate ahead of electionПресса
Meta

Meta’s deal to keep Zuckerberg in California adds fuel to wealth tax debate ahead of election

Meta says Muse has over 10M users, with shopping a top activityПресса
Meta

Meta says Muse has over 10M users, with shopping a top activity

Meta wants to pay for its broad AI buildout with a newly created class of stockПресса
Meta

Meta wants to pay for its broad AI buildout with a newly created class of stock