HEY, BIG SPENDER: Meta announces $95 billion stock offering to fund AI expansion.

Meta said Monday that it is planning to raise a total of $95 billion to support its investments in AI infrastructure and superintelligence.

The stock was up 1.6% in premarket trading after the announcement.

The tech giant will initially raise $35 billion in underwritten public equity offerings, before later raising an additional $60 billion with an at-the-market program.

Meta’s planned investments will support “emerging AI opportunities” including its family of apps, its AI agent Muse and its data center business.

Last week, investors retreated from big tech on fears that AI spending is unsustainable. This week, they’re buying Meta on news of massive new AI spending.

So who knows?