Nvidia Plans to Invest $3 Billion in Meta, Meta Simultaneously Launches $95 Billion Financing
Nvidia said it will invest $3 billion in Meta. Meta announced on Monday that it will first raise $35 billion through an underwritten public offering, then add another $60 billion through an at-the-market program, for a total of $95 billion to be used for AI infrastructure investment. The announcement said Nvidia, AMD and Broadcom intend to subscribe for up to $5 billion in shares.
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Nvidia has said it will invest $3 billion in Meta, after the social media and AI giant announced plans to raise a total of $95 billion to support its investments in artificial intelligence infrastructure.
Meta on Monday said it would initially raise $35 billion in underwritten public equity offerings, before raising an additional $60 billion with an at-the-market program.
The announcement stated that Nvidia, Advanced Micro Devices and Broadcom were interested in purchasing up to $5 billion in shares.
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