Meta plans up to $95 billion in stock sales to fund its AI buildout

Meta plans to sell up to $95 billion in shares to fund its AI infrastructure buildout, according to The Information. The plan includes about $22.5 billion in Class A common stock, $12.5 billion in depositary shares representing one-twentieth of a new preferred share that will automatically convert into common stock in August 2029 unless converted earlier, and $60 billion from ongoing open-market sales once new non-voting Class C shares begin trading, likely no earlier than the first quarter of 2027. Nvidia, AMD, and Broadcom have expressed non-binding interest in buying up to $5 billion in Meta stock.