Meta launches about $35 billion in stock offerings for AI expansion

CNBC reports Meta launched public offerings of about $35 billion in common and convertible preferred stock to finance its AI expansion. The company also said it plans a separate share sale program of up to $60 billion after its non-voting Class C shares begin trading, which is expected in the first quarter of 2027. The Financial Times reports Nvidia, AMD and Broadcom will act as cornerstone investors.