Meta, the company behind Facebook and Instagram, launched a plan on Monday to raise the equivalent of SEK 940 billion. The funding will come from a new share issue, with the proceeds going towards AI investments in the coming years, the Financial Times reports.
Nvidia, AMD and Broadcom have promised to act as anchor investors.
Last week, Meta released its quarterly report, which showed that sales increased by 26 percent compared with the same quarter last year.
However, over the past five trading days, the stock has fallen 10.6 percent as investors focused more on the company’s negative cash flow and its upwardly revised forecast for investment spending for the full year 2026.
On Monday, Meta shares fell 1.9 percent in New York.
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