Part of The AI Chip Bubble · 12 stories · since Oct 14 · newest 4d ago
Meta launches $95 billion stock plan to fund its AI buildoutNvidia, AMD and Broadcom named as cornerstone investors
4 Oct 26 7:25 AM · 13d ago · 50 articles · 6 posts · 1 comment · 5 sources · development 4 of 5
Meta said chip companies Nvidia, AMD and Broadcom have expressed interest in purchasing up to $5 billion of its Class A common stock in the offering, acting as cornerstone investors in the raise.
Meta Platforms Company raising capitalNvidia Cornerstone investorAMD Cornerstone investorBroadcom Cornerstone investor
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What was reported 3 claims about this development
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first by Livemint, 13d ago · also Ventureburn, CoinGape, Reuters, Yahoo Finance, Channel News Asia, AIM +3
6 more headlines
- Meta Plans to Raise $95 Billion in Historic Stock Sale for AI Expansion Ventureburn · 13d ago
- Meta Announces $35 Billion Stock Offering to Fund AI Infrastructure Expansion CoinGape · 13d ago
- Meta launches $35 billion stock offering to fund AI expansion Reuters · 13d ago
- Meta Wants $95 Billion Through Stock Sales to Fund AI Infrastructure AIM · 13d ago
- Meta plans $95bn stock offering to bankroll AI expansion The Irish Times · 13d ago
- Meta launches US$35B stock offering to fund AI expansion CTV News · 13d ago
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first by Tech Funding News, 13d ago
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first by NDTV, 13d ago
What people said 3 voices · best of 4 · verbatim
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$NVDA, $AMD and $AVGO are reportedly looking to invest up to $5B combined in $META. The irony is Nvidia could be funding a customer that's working with Broadcom to reduce its reliance on Nvidia GPUs which shows just how valuable securing Meta's future chip orders has become
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META taking circular financing to an art form: Nvidia, AMD and Broadcom, Meta's 3 biggest chip suppliers, “indicated an interest” in buying up to $5 billion of the common stock at the offering price.
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Meta sells $22.5B of stock to buy AI chips, and Nvidia, AMD and Broadcom put their hands up for up to $5B of it. The AI economy has finally invented the perpetual motion machine.
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