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Meta Stock Drops 5% on Report of Potential Tens of Billions Fundraising for AI Push

Stocks AI Industry News

2026-06-05 19:18:10

According to Financial Times, Meta's stock dropped more than 5% on Friday after the company was reported to be considering raising tens of billions of dollars in a stock offering to fund artificial intelligence investments. The report cited Meta's competitive positioning against Alphabet, which this week announced plans to raise $85 billion from a stock sale to support its AI infrastructure buildout. Meta's 2026 capital expenditure guidance stands at up to $145 billion. A Meta spokesperson dismissed the report as "pure speculation," stating the company remains focused on raising capital flexibly to support AI opportunities.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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