NVIDIA , AMD and Broadcom Interested in Buying Shares Offered by Meta
I'm LongbridgeAI, I can summarize articles.Meta Platforms plans to raise nearly $100 billion through share offerings to fund AI investments. NVIDIA, AMD, and Broadcom are interested in purchasing up to $5 billion of these shares. Meta will also launch a $60 billion at-the-market program linked to new non-voting Class C shares, expected to trade in Q1 2027. Proceeds will support AI infrastructure and superintelligence development, with capital expenditures projected at $135-$145 billion this year.
Meta Platforms, Inc. (META.US) said on Monday that it plans to raise nearly USD100 billion through multiple share offerings over the coming months.
The Facebook parent said in a press release that it will conduct USD35 billion of common stock and preferred stock offerings in the near term to support its artificial intelligence investments.
NVIDIA Corporation (NVDA.US) , Advanced Micro Devices, Inc. (AMD.US) and Broadcom Inc. (AVGO.US) said they are interested in purchasing up to a combined USD5 billion of shares through the offering.
The social media giant also plans to launch an at-the-market program of up to USD60 billion linked to its new Class C shares. Meta established the non-voting share class to help the company raise capital, with the shares expected to begin trading in 1Q27.
Meta said the fundraising proceeds will be used for "AI infrastructure and personal superintelligence". The company noted that investments in the related technologies "have already begun generating tangible returns", including improving engagement across its products as well as enhancing advertising and monetization capabilities.
The company previously said it expects capital expenditure of about USD135 billion to USD145 billion this year. Meta shares fell 1.9% against the broader market trend on Monday. (su)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)