Meta plans $95bn stock offering to fund AI expansion, with Nvidia, AMD and Broadcom as cornerstone backers
nordicinst · x · 2026-10-27
Per The Guardian, Meta announced a two-part $95bn fundraising plan to cover its AI and datacenter spending: $35bn via an underwritten public stock offering, with Nvidia, AMD and Broadcom expressing interest as cornerstone investors who could buy up to $5bn; plus a $60bn at-the-market offering of the new non-voting Class C shares at prevailing market prices.
Meta shares rose in early trading, while other AI-sector stocks came under pressure. The move lands as Elon Musk warned that funding for smaller 'neocloud' providers is drying up, predicting 'death and consolidation' — widening the gap between hyperscalers and smaller AI players.
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