Meta raises equity offering to $97.5 billion; Nvidia invests $3 billion
Briefing by News4U · First published
Meta increased its equity raise to $97.5 billion to fund AI infrastructure, with Nvidia committing $3 billion.
Meta Platforms increased its equity offering to $97.5 billion to fund AI infrastructure, including data centres and cloud computing, after raising its annual capital-expenditure forecast to $135-145 billion. [1] [2]
Nvidia will invest $3 billion in the offering, part of up to $5 billion in interest from Nvidia, AMD and Broadcom for Class A shares. [1] [2]
Meta reported a $2.12 billion cash burn in the third quarter, its first negative free cash flow in over a decade, and plans to issue Class C shares in January 2027. [2]
Sources
- Nvidia to Invest $3 Billion in Meta’s Equity Offering as They Expand AI Partnership
WSJ Markets · · Summary only
- Meta eyes record $97.5 billion equity raise to fund AI
RTÉ Business · · Full text