Meta Platforms Raises $30 Billion in Bond Sale to Fuel AI Ambitions
Meta Platforms (META) is making an aggressive push into artificial intelligence, announcing plans to raise $30 billion through its largest-ever bond sale. The proceeds will fund AI infrastructure, including data centers and computing power, as CEO Mark Zuckerberg doubles down on integrating AI across Facebook, Instagram, and WhatsApp.
Analysts are divided on the move. Rosenblatt Securities' Barton Crockett maintains a bullish $1,117 price target, citing AI's potential to drive ad revenue and user engagement. Yet concerns linger over Meta's escalating capital expenditures, projected to rise sharply through 2026.