This article first appeared on GuruFocus.

Meta Platforms (META, Financials) said it will raise as much as $30 billion in a record bond offering as it ramps up spending on artificial intelligence and computing infrastructure.

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The company disclosed the plan in a regulatory filing Thursday, one day after CEO Mark Zuckerberg told investors Meta would increase AI investment even more aggressively next year.

The debt sale, structured in six tranches with maturities ranging from five to 40 years, underscores Meta’s growing financial commitment to AI. The company expects 2026 capital expenditures to be notably larger than this year’s levels as it expands data centers and develops advanced AI models.

Meta shares dropped 13.5% to $650.25 following the announcement, partly reflecting a $16 billion one-time income tax charge that erased more than $220 billion in market value.

Despite investor concerns, analysts said the bond sale gives Meta flexibility to fund its AI roadmap as competition intensifies across the tech sector.