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Nvidia announced a $3 billion investment in Meta's share sale on Tuesday. This move adds to billions in backstops, including a $6.3 billion commitment to CoreWeave and a $105 billion guarantee for an OpenAI data center.
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Summary by ByteBrief
Nvidia AMD Buy 4 Billion Meta Shares
Nvidia and Meta expand their Muse partnership, including Meta deploying more Vera Rubin and Vera CPUs; Nvidia will invest $3B in Meta's planned equity fundraise (Wall Street Journal)
Meta plans to raise $95B to finance its AI expansion, including a $35B underwritten equity offering, backed by cornerstone investors Nvidia, AMD, and Broadcom (Tim Bradshaw/Financial Times)