Meta’s stock sinks on report company could raise tens of billions of dollars to fund AI push Meta’s stock fell over 5% following a Financial Times report suggesting the company might consider raising tens of billions through a stock offering to finance its artificial intelligence ambitions. This potential move comes as rivals like Alphabet also increase their AI spending forecasts, though Alphabet’s stock has performed better due to its cloud business. A Meta spokesperson denied the report, calling it “pure speculation” while acknowledging the significant opportunities in AI.

• Meta’s shares dropped more than 5% after a Financial Times report indicated a potential stock offering of tens of billions for AI investments.
• Rival Alphabet also plans a significant equity sale ($85 billion) to fund AI, but its stock performance has been stronger, partly due to its cloud business.
• Meta has increased its capital expenditure guidance for AI infrastructure, as have other tech giants like Alphabet.
• Meta’s stock is down 13% in the last 12 months, while Alphabet’s is up over 115%.
• A Meta spokesperson labeled the stock offering report as “pure speculation” but affirmed the company’s commitment to AI investment and flexible capital raising.