Meta Sells $30 Billion of Bonds as AI Frenzy Fuels Record Orders

Meta Platforms Inc. sold $30 billion of corporate bonds on Thursday, the biggest such offering of the year, after the company received record orders for the debt.

The bond sale comes a day after Chief Executive Officer Mark Zuckerberg warned that the company would spend even more aggressively on artificial intelligence in the coming year. Morgan Stanley expects big tech companies known as hyperscalers to spend about $3 trillion on infrastructure like data centers between now and the end of 2028, with roughly half of that likely financed through the corporations’ cash flows.

Thursday’s bond sale is the biggest ...