Nvidia, AMD and Broadcom Eye Up to $5B in Meta Shares

According to Meta, Nvidia, AMD, and Broadcom have each expressed interest in purchasing up to $5 billion in aggregate of the company's Class A common stock offering, at the same price and on the same terms as other investors. Meta emphasized that these indications of interest do not constitute binding subscription agreements or commitments. The three companies may ultimately purchase more or less stock, or none at all, and the underwriters may decide not to sell shares to them.

Meta has announced the launch of two underwritten public offerings: approximately $22.5 billion in Class A common stock and approximately $12.5 billion in depositary shares representing Series A mandatory convertible preferred stock, bringing the total offering value to approximately $35 billion.

In addition, Meta plans to launch a $60 billion at-the-market (ATM) equity offering program in the first quarter of 2027, after its Class C common stock begins trading. The company said these financing initiatives are intended to support investments in AI infrastructure and personal superintelligence, while diversifying its funding sources. The final size, terms, and implementation timeline of the proposed $60 billion ATM program have not yet been determined.