Meta’s stock declined nearly 2% after it announced it would offer $95 billion in new, dilutive stock to fund its AI buildout plans.

South Korea’s KOSPI rose 3.1%, while Japan’s Nikkei 225 jumped by 1.7%. Markets in Hong Kong and mainland China fell.

The software giant has been cutting headcount to trim costs while investing billions to build out AI data centers.

As the AI startup prepares to go public, its massive multibillion-dollar cloud commitments threaten to put huge pressure on its margins if customer demand slows down.

“We’ve never done this before,” said DNC vice chair Jane Kleeb, as Democrats prepare for possible federal interference at polling places.

“We understand the concerns and have fallen short of our own high standards in this instance,” a Google spokesperson said.