BUZZ-Meta falls after report on big equity raise to finance AI infrastructure

Meta Platforms
Alphabet Inc. Class A

Meta Platforms

META

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Alphabet Inc. Class A

GOOGL

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** Meta's META.O shares fall 5.9% to $590.82

** META is considering raising tens of billions of dollars in a stock offering as it seeks new sources of capital to fund AI ambitions, FT reports

** Executives at META have been exploring "creative" ways to raise cash; CFO Susan Li is leading the talks alongside President Dina Powell McCormick, report says

** Discussions have intensified after Alphabet's GOOGL.O equity raising this week, FT reports

** Alphabet on Wednesday increased the size of its equity offerings to $84.75 billion from $80 billion
** Meta did not immediately respond to a Reuters request for comment

** META down 5% YTD, as of Thursday's close