Funding
Nvidia and Other Chipmakers Plan Multi-Billion Investment in Meta
Nvidia plans to invest $3 billion in Meta as part of an expanding artificial intelligence partnership between the technology companies. In addition, Nvidia, AMD, and Broadcom have expressed nonbinding interest in purchasing up to $5 billion of Meta stock within a roughly $35 billion offering. Meta recently priced $25 billion in common stock at $625 per share. Despite holding $82 billion in cash, Meta plans to raise up to $95 billion to fund its AI spending ambitions. The specific allocation of stock among the interested chipmakers remains undisclosed.