Nvidia invests $3B in Meta as AI spending drives $97.5B capital raise

Nvidia plans to invest $3 billion in Meta Platforms as the Facebook parent raises its planned capital raise to $97.5 billion, up from $95 billion, to fund artificial intelligence infrastructure. Meta increased its common stock offering from $22.5 billion to $25 billion at $625 per share and launched public offerings of about $35 billion in stock, with up to $60 billion more available through an at-the-market program tied to new Class C shares. Nvidia, AMD, and Broadcom expressed interest in buying up to $5 billion in shares, while Nvidia and Meta expanded their AI partnership covering Muse models, Vera Rubin systems, and Spectrum-X networking. Analysts warn investors will scrutinize interconnected AI investments, as chipmakers increasingly fund customers that purchase their processors, raising questions about whether reported revenue reflects independent demand or ecosystem-supported spending.