Meta Platforms Inc. (NASDAQ:META) stock rose more than 1% Friday as investors moved into mega-cap growth stocks. Communication Services was among the market’s strongest sectors. The Nasdaq gained more than 1%, while the S&P 500 rose 1.06%.
Meta Meets European Bond Investors
Separately, Meta has been meeting with European bond investors for at least a week as Big Tech companies seek more funding for the AI infrastructure boom, Bloomberg reported, citing people familiar with the matter.
The company has not provided a timeline for a potential bond sale. The meetings are part of a non-deal roadshow, which does not guarantee an offering.
A European deal would mark Meta’s first debt issuance outside the U.S. dollar market. The company last raised debt in April through a $25 billion, six-part bond offering.
