Meta says it plans to raise a total of $95 billion to pay for AI infrastructure. It is starting with about $35 billion in stock offerings, with a further program of up to about $60 billion that may not begin until 2027.

Nvidia, AMD and Broadcom have expressed interest in buying up to $5 billion of the shares combined, Meta said. The company expects capital spending of $135 billion to $145 billion this year.