Meta Unveils Up to $95 Billion Financing Plan for AI, with Nvidia and AMD Eyeing Equity Stakes
Original title:Meta 宣布至多 950 亿美元重大融资计划，为人工智能等业务筹集资金
IT Home, October 26 — Meta announced today (local US time) a major financing plan totaling up to $95 billion (IT Home note: approximately 634.357 billion RMB at the current exchange rate) to provide funding support for the sustained development of its core businesses and emerging artificial intelligence sectors.
The $95 billion consists of multiple components, including a $22.5 billion forward sale of Class A common stock, $12.5 billion of mandatory convertible preferred stock, and subsequent potential at-the-market offerings of up to $60 billion of Class C common stock.
NVIDIA, AMD, and Broadcom have all expressed intent to purchase up to $5 billion each of Meta's Class A common stock.
Meta stated in a press release that its investments in artificial intelligence have yielded tangible returns by enhancing user engagement, improving ad performance, and driving profitability.
The company projects capital expenditures for 2026 to reach $135 billion to $145 billion (approximately 901.455 billion to 968.23 billion RMB at current exchange rates). Meta plans to fund its AI investments through a balanced mix of operating cash flow, investment-grade debt, strategic partnerships, and equity capital.
Why it's worth reading
Nvidia, AMD, and Broadcom taking direct equity stakes in Meta illustrates a profound structural shift toward deep capital intertwining between chipmakers and hyper-scalers.