Meta: Nvidia, AMD, Broadcom to buy up to $5b of class A shares $META $NVDA $AMD

Meta Platforms Inc. is seeking to raise as much as $95 billion from selling common and preferred stock, tapping investors for support in the race to lead artificial intelligence’s development.

The company is offering about $35 billion of common and preferred stock, according to a statement Monday. It also plans to raise as much as about $60 billion in an at-the-market share sale program, which allows companies to sell shares in the open market from time to time. The ATM will consist of its planned Class C non-voting shares.