Overview
- Meta announced on Monday, Oct. 26, a staged equity program to raise up to $95 billion that begins with an initial placement of roughly $37.5 billion and that includes a later market‑priced offer of about $60 billion tied to new Class C shares expected to start trading in Q1 2027.
- The company reiterated $135–$145 billion in projected capital spending for the year and said it will use operating cash flow, investment‑grade debt, strategic partnerships and equity to pay for servers, networks, power and new data centers.
- Nvidia confirmed a $3 billion investment and an expanded technical alliance on Oct. 27 to supply its Vera systems and chips for Meta’s Muse models while AMD and Broadcom have signaled interest in joining for a combined reported amount of up to $5 billion.
- Meta says its AI work is already boosting engagement and advertising monetization, with the company reporting six straight quarters of more than 20% revenue growth even as rising tech and legal costs cut near‑term profit margins.
- The deals highlight a wider industry pattern in which chipmakers invest in big AI customers to secure long‑term demand, a dynamic that eases financing for data‑center builds but raises questions about supplier dependence and potential dilution for current shareholders.