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Meta Platforms Inc. announced today it will sell up to $95 billion in stock to finance AI infrastructure. The initial transactions total $35 billion, with Nvidia, AMD, and Broadcom expressing interest in buying up to $5 billion. A follow-up at-the-market offering could raise another $60 billion starting early next year.
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Summary by ByteBrief

Meta launches $35bn share sale for AI

Meta plans to raise $95B to finance its AI expansion, including a $35B underwritten equity offering, backed by cornerstone investors Nvidia, AMD, and Broadcom (Tim Bradshaw/Financial Times)

Meta Plans $95 Billion AI Fundraising