Siebert Financial warns supplier financing clouds true AI chip demand
SIEB•Siebert Financial warned that supplier financing may obscure organic AI chip demand as equipment makers invest in customers buying their products. Meta announced a $97.5 billion equity fundraising plan that includes a $3 billion investment from NVIDIA; its third-quarter free cash flow was negative $2.12 billion, and 2026 capital expenditure guidance is $135 billion to $145 billion.
1. Financing and AI demand
Siebert Financial warned that supplier financing may obscure organic AI chip demand as equipment makers invest in customers buying their products. Meta announced a $97.5 billion equity fundraising plan, with NVIDIA investing $3 billion through an expanded AI partnership.
2. Meta spending figures
The package includes up to $60 billion in non-voting Class C shares expected to begin trading in early 2027. Third-quarter free cash flow turned negative at $2.12 billion, versus positive $10.63 billion a year earlier. Meta’s 2026 capital expenditure guidance stands at $135 billion to $145 billion, with approximately $825 billion in future spending commitments.
