Meta's nearly $100 billion stock sale is a turning point for how Big Tech pays for AI

For a decade, Big Tech's cash machines paid for every moonshot. Now Meta (META) is passing the hat, and the plan behind it began with a standoff between Mark Zuckerberg and his board. Meta is selling nearly $100 billion of stock to pay for AI. Even Nvidia (NVDA) is chipping in $3 billion. The company that sells Meta its AI chips is now buying its stock, too. (META ) Go deeper with AlphaSpace 622.51 -8.05 (-1.28%) As of 10:10:52 AM EDT. Market Open. Meta isn't the only giant coming up short. Amazon (AMZN) and Alphabet (GOOGL) each spent more than their businesses brought in during a quarter this year, then borrowed heavily. Meta is the first to hand much of the bill to shareholders instead.