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Nvidia to invest $3 billion in Meta as tech giants deepen AI partnership

Nvidia said it will invest $3 billion in Meta after Meta announced plans to raise $95 billion to fund its AI infrastructure investments. On Monday, Meta said it would initially raise $35 billion through underwritten public equity offerings, then add $60 billion through an at-the-market program, and that Nvidia, AMD and Broadcom were interested in buying up to $5 billion in shares. Nvidia's Tuesday announcement also said Meta will expand deployment of Vera Rubin and Vera CPUs, and the two companies will deepen their partnership on Muse, Meta's AI agent launched last month. Shares of both companies were flat in premarket trading on Tuesday.

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