Meta plans $95bn fundraising for AI infrastructure

Meta announced a two-part $95bn fundraising: $35bn through underwritten public offerings and $60bn via an at-the-market sale of new non-voting Class C stock. Nvidia, AMD and Broadcom are named as cornerstone investors that could buy up to $5bn of shares. Proceeds will fund AI infrastructure and "personal super intelligence."

• $35bn via public offering, $60bn via at-the-market Class C stock sale
• Nvidia, AMD and Broadcom could buy up to $5bn as cornerstone investors
• Meta shares rose in premarket trading on the news
• Musk warned 200+ neocloud providers face "death and consolidation"