Nvidia invests $3B in Meta as AI partnership deepens

Nvidia plans to put $3 billion into Meta Platforms. The move ties the world’s most closely watched chipmaker even tighter to one of its biggest-spending AI customers. The investment rides alongside a fundraising plan from Meta that is enormous by any standard. Meta intends to raise $95 billion to pay for its artificial intelligence infrastructure buildout, and Nvidia wants a seat at that table. How the $95 billion raise works Meta laid out the plan on Monday, and it comes in two stages. The first is $35 billion in underwritten public equity offerings, which means banks commit to selling a defined block of shares. The second stage is a $60 billion at-the-market program. Think of it as a slow drip rather than a single pour: the company can sell shares into the open market over time at whatever the going price happens to be. The initial tranche of roughly $35 billion includes $25 billion in Class A common stock priced at $625 per share. That offering was upsized, a signal that demand showed up. The total raise could ultimately land at approximately $95 billion to $97.5 billion after the upsizing. Meta’s announcement also said Nvidia, Advanced Micro Devices, and Broadcom were intereste...