Meta Platforms has announced plans to raise as much as $95 billion through stock offerings as the company accelerates investment in artificial intelligence infrastructure.
The Facebook and Instagram parent company disclosed the fundraising plans on Monday, October 26, marking one of the largest proposed equity financing programmes in the technology industry.
The initiative includes approximately $35 billion in common and preferred stock offerings, alongside a separate programme that could raise up to $60 billion through future share sales.
The larger programme is expected to begin after Meta's new non-voting Class C shares start trading, currently anticipated in early 2027.
However, the company has not finalised the timing and terms of that proposed sale.
According to Reuters, semiconductor manufacturers Nvidia, Advanced Micro Devices and Broadcom have expressed interest in purchasing up to $5 billion in Meta shares collectively.
Their potential participation highlights the increasingly close financial relationships between artificial intelligence developers and the companies supplying the processors required to operate advanced AI systems.
Meta has been expanding its investment in data centres, computing equipment and other infrastructure as it competes with leading technology companies in the development of artificial intelligence.
The spending has placed growing pressure on its cash flow.
Meta reported negative free cash flow of approximately $2.12 billion during the third quarter of 2026, compared with positive free cash flow of $10.63 billion during the corresponding period a year earlier.
The company has also projected capital expenditure of between $135 billion and $145 billion for the full year.
Despite the financial pressure, Meta continues to invest heavily in artificial intelligence products intended to improve advertising performance, user engagement and the capabilities available across its platforms.
The company's latest financing plans reflect a broader trend among major technology businesses seeking additional capital to support increasingly expensive AI development.
Investors are also examining whether the enormous spending commitments associated with artificial intelligence will eventually generate sufficient commercial returns.
For Meta, the proposed fundraising could provide additional financial resources to pursue its long-term infrastructure plans.
However, the full $95 billion remains a fundraising target rather than money already secured.
The scale and timing of the final transactions will depend on market conditions, regulatory requirements and investor demand.
