Meta shares fall after report of possible AI fundraising

Meta shares fell on Friday after a Financial Times report said the company could raise tens of billions of dollars through a stock offering to help finance its artificial intelligence plans. The report said Meta is considering the move after Alphabet recently announced a large equityraising plan of its own. Meta has not hired banks and may not issue new shares, according to the report, and the company called the claim pure speculation. Meta has been increasing its spending on AI infrastructure, along with other major tech companies, as they compete to build capacity for growing demand. In April, Meta lifted its 2026 capital spending guidance to as much as $145 billion, while Alphabet also raised the top end of its spending outlook.