NVIDIA Joins Chipmakers Interested in Meta’s $35 Billion Stock Offering

Meta has launched stock offerings totaling about $35 billion to help finance its AI expansion, with NVIDIA, AMD and Broadcom indicating interest in buying up to $5 billion of the shares combined. The public filing does not specify NVIDIA’s individual amount or announce a separate Muse-focused partnership. Meta’s offering includes about $22.5 billion in Class A common stock and $12.5 billion in depositary shares representing mandatory convertible preferred stock. The three chipmakers’ potential purchases apply to the common-stock offering and are nonbinding; Meta’s filing says each could buy more, less or none. It does not divide the $5 billion aggregate among them. Meta’s announcement says the company plans to use a mix of operating cash flow, investment-grade debt, strategic partnerships and equity to fund its investments. It also plans a roughly $60 billion at-the-market share-sale program, subject to future terms and timing, after its new Class C shares begin trading. Meta says its AI investments span infrastructure and compute capacity as well as products including personal and business agents. Muse is among the AI opportunities named in the company’s recent communications, but the share offering announcement does not describe a new NVIDIA–Muse agreement. Meta expects capital expenditures of $135 billion to $145 billion in 2026. Its third-quarter results reported $34.91 billion in capital expenditures for the quarter and negative $2.12 billion in free cash flow. The fundraising comes as Meta scales infrastructure for AI workloads and adds equity financing to its funding mix. NVIDIA, AMD and Broadcom are also among the companies supplying chips for AI data centers, making their indicated participation notable, though the filing does not state that any purchase is tied to hardware orders or Muse development. Market trading was uneven after the financing plan was announced, with Meta shares moving up and down, according to an Associated Press market report. The main caveat is that the chipmakers’ interest is nonbinding and the individual amounts remain undisclosed; the planned $60 billion program also has no finalized terms. The filings establish a potential source of capital for Meta’s AI push, while leaving the final amount raised and the investors’ individual commitments unsettled.