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00:02Meta Platform said Monday it plans to raise up to $95 billion in equity to fund its artificial
00:09intelligence infrastructure expansion, according to Reuters. The company launched $35 billion in
00:15stock offerings and plans a separate $60 billion share sale program in 2027. NVIDIA, Advanced
00:21Micro Devices, and Broadcom have expressed interest in purchasing up to $5 billion in Meta stock.
00:28The company has committed about $825 billion in future spending, primarily for data centers,
00:35AI infrastructure, and cloud computing. Meta recently raised the lower end of its annual
00:41capital expenditure forecast to $135 billion, with an upper limit of $145 billion. The company reported
00:49negative free cash flow of $2.12 billion in the third quarter, its first in over a decade.
00:54For all things money, visit Benzinga.com.
