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Meta announces $95 billion stock offering to fund AI expansion

Key Points

Meta said Monday that it is planning to raise a total of $95 billion to support its investments in AI infrastructure and superintelligence. The stock was up 1.6% in premarket trading after the announcement. The tech giant will initially raise $35 billion in underwritten public equity offerings, before later raising an additional $60 billion with an at-the-market program.

Meta said Monday that it is planning to raise a total of $95 billion to support its investments in AI infrastructure and superintelligence. The stock was up 1.6% in premarket trading after the announcement. The tech giant will initially raise $35 billion in underwritten public equity offerings, before later raising an additional $60 billion with an at-the-market program. This is a breaking news story. Please refresh for updates.
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Originally published by CNBC Read original →