Stock Market Today, Oct. 27: Meta Raises Largest-Ever Equity Offering to Nearly $98 Billion to Fund AI Infrastructure Bet

Meta Platforms raised $97.5 billion in its largest-ever equity offering to fund massive AI infrastructure investments projected at $135-145 billion in 2026. The offering was oversubscribed fivefold, and Nvidia and AMD pledged $4 billion in investments. Despite strong Q3 results with 26% revenue growth, Meta's stock fell 1.65% as investors weighed heavy capital expenditures against future returns.