Meta's $35 Billion Stock Sale Draws Nvidia, AMD and Broadcom

Anthropic's IPO filing shows $8.9B spent on rented computing in H1 2026, with $430B in long-term computing deals. Broadcom (AVGO) leads at $161B, followed by Google (GOOGL), Amazon (AMZN), and Microsoft (MSFT). Anthropic's revenue was $16.3B, with a $80.7B net loss, including a $72.4B non-cash charge.

Meta plans a $95bn stock offering to fund AI expansion, including a $35bn underwritten public offering with backers like Nvidia, AMD, and Broadcom, and a $60bn at-the-market offering for new class C shares. Shares rose in premarket trading. Elon Musk warned of funding challenges for smaller AI datacenter providers, causing shares in CoreWeave and Iren to drop.

Wedbush analyst Dan Ives reiterated an Outperform rating and $920 price target for Meta (META) after its announcement of a new share offering to fund AI investments. Meta reported Q3 2026 revenue of $64.6B, up 26% YoY, and raised its capital expenditure guidance. The company's long-term debt increased to $80.9B, but it maintains a moderate debt level and strong cash flows. Multiple analysts have raised price targets and reiterated Buy ratings.

Meta reported Q3 2026 Reality Labs revenue of $443M, down 6% due to lower Quest headset sales, partially offset by AI glasses growth. The company plans to focus on major VR breakthroughs for future products, with Meta VR Glasses launching in Spring 2027 at $1,300. Zuckerberg emphasized AI as a priority but believes in VR's long-term potential.

Meta Platforms (META) announced plans to raise up to $95 billion through stock offerings to fund AI investments. The company will initially sell $35 billion in common and preferred stock, according to a press release. META stock declined in premarket trading.

Meta is raising $35 billion through a stock offering, including $22.5 billion in common stock and $12.5 billion in convertible preferred shares, according to reports. The funds will support increased spending on data centers.