Meta Announces $95bn Fundraising Drive to Pay for AI Expansion; Nvidia, AMD and Broadcom Show Interest
Meta plans to raise up to $95bn through stock sales to fund its AI infrastructure and 'personal superintelligence' efforts, with chipmakers Nvidia, AMD and Broadcom expressing interest in participating in the underwritten offering.
US social media giant Meta announced on October 26, 2026, that it plans to raise up to $95bn to support its core business and emerging AI opportunities, specifically citing "continued investment in AI infrastructure and personal superintelligence." The fundraising drive consists of two parts: first, Meta plans to raise $35bn through new "underwritten public offerings" – a sale of company stock. Second, the company will launch a $60bn "at-the-market offering," selling new common stock to investors at the going market rate in the future.
For the $35bn underwritten offering, Meta stated that Nvidia, Advanced Micro Devices (AMD), and Broadcom have all shown interest in taking part. These "cornerstone investors" could buy up to $5bn of the stock on offer. If they ultimately participate in Meta's financing, this would highlight the deepening capital ties along the AI supply chain.
Notably, the $60bn at-the-market offering involves Meta's new Class C Stock, which the company announced last week it is creating. These Class C shares do not have voting rights, allowing Meta to sell them without diluting founder Mark Zuckerberg's control over the company. Meta claims this approach maintains "financial discipline," noting that its AI investments are already generating tangible returns through increased engagement, improved advertising performance, and increased monetization.
This financing announcement comes amid growing market concerns about AI infrastructure funding. Earlier, Tesla CEO Elon Musk warned that debt markets had almost entirely shut off access to money for companies lacking substantial revenue independent of AI data centers, causing share prices of several "neocloud" providers to drop. Based on these reports, some observers suggest that large platforms continue expanding via equity and internal funds while smaller compute providers reliant on debt face a harsher financing environment, though this interpretation of industry capital structure divergence is not an officially confirmed consensus.