Meta Platforms announced plans to raise up to $95 billion to fund its artificial intelligence expansion through stock offerings, potentially starting early next year. The company aims to raise about $35 billion via public offerings of Class A common stock and convertible preferred shares, plus up to $60 billion through a new nonvoting Class C stock. Major tech firms like Nvidia have shown interest in buying shares. This move underscores Meta's aggressive AI investment amid growing competition and investor concerns about funding its costly AI ambitions.
Meta Platforms trades at USD 638.21 on Pluang as of Oct 27, 2026 00:41 WIB, down 0.69% in the last day. Its market cap stands at $1.64 trillion, reflecting its large scale amid the planned $95 billion AI funding. Nvidia shares, also mentioned in the news, rose 2.34% to USD 215.94, with a market cap of $5.09 trillion, showing strong investor interest in tech stocks linked to AI development.
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