Meta announced on October 26, 2026 a plan to raise $95 billion for AI infrastructure: $35 billion in underwritten public equity and $60 billion through an at-the-market program expected to start in the first quarter of 2027. NVIDIA has since committed $3 billion of the equity and deepened a chip partnership around Muse and Vera Rubin, while AMD and Broadcom were reported as possible cornerstones for up to $5 billion combined. Meta has also raised $12.5 billion in convertible preferred at a 6.5% dividend, converting to common by 2029. Special committee chair Richard Kimmett says other companies' large raises have made capital harder to raise. The raise follows a 7% stock drop after Meta warned it would need hundreds of…