Meta (META) Stock Drops 5% on AI Funding Speculation Report

AI Summary

Meta (META) shares fell over 5% following a Financial Times report indicating potential plans to raise tens of billions of dollars through a stock offering to finance its AI projects. This comes as Alphabet increased its funding target to $85 billion from $80 billion for equity sales, raising investor concerns about escalating AI investments. Despite the speculation, Meta stated they have not hired banks for a stock issue and described the report as 'pure speculation.' Notably, Meta's capital expenditures for 2026 have been adjusted up to $145 billion, compared to $135 billion previously, amidst increasing competition in AI infrastructure.