Nvidia and AMD buy $4 billion of Meta shares
Meta plans to raise about $95 billion, and the chipmakers already selling to it asked to buy shares too, tying both sides closer on money and on chips.
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Picture a building supplies shop that buys shares in the contractor that is its biggest customer. The more the contractor builds, the more the shop sells. That is what Nvidia and AMD have just done with Meta.
Nvidia said on 26 October 2026 that it will invest $3 billion in Meta's share offering, according to Nvidia's announcement, and the next day AMD said it will invest another $1 billion, according to AMD's announcement, for $4 billion in total.
Meta's announcement said Nvidia, AMD and Broadcom indicated an interest in buying up to $5 billion of shares in total, at the same price and terms as other buyers. Broadcom has not given its own figure.
Meta plans to raise about $95 billion
Meta's plan has two parts. The first is an immediate sale of about $35 billion through underwriting banks, split into about $22.5 billion of common stock and about $12.5 billion of preferred shares that must convert into common stock later.
The second is an at-the-market programme of about $60 billion, meaning shares are sold gradually at market prices over time. It will start after Meta's new Class C shares begin trading.
The next day, 27 October 2026, Meta upsized the common stock sale from $22.5 billion to $25 billion, at $625 a share.
The money will build AI data centres
Meta said it expects $135 billion to $145 billion of capital spending in 2026. It owns data centres in 23 US states, is building four superclusters of more than one gigawatt each, and aims to nearly double its infrastructure capacity this year.
One gigawatt is about the output of one large power plant, so the money has to cover chips, buildings and a great deal of electricity.
Why chip sellers buy their customer's shares
The answer is in both companies' announcements: the share deals come with chip deals. Nvidia said Meta will expand its use of Vera Rubin chips and Vera CPUs. AMD said its Helios systems are installed at Meta and being tested ahead of a wider rollout, and that its EPYC processors power the systems behind Muse, Meta's AI assistant.
Mark Zuckerberg, Meta's CEO, said in AMD's announcement that AMD has been a key partner in building the compute that runs Meta's frontier models. Lisa Su, AMD's CEO, said the partnership is moving to a new scale, and Jensen Huang, Nvidia's CEO, said the two companies will optimise the computing infrastructure end to end.
The three people in this deal
- Jensen Huang: founder and CEO of Nvidia, the biggest investor in this round at $3 billion.
- Mark Zuckerberg: founder and CEO of Meta, the side raising money for AI infrastructure.
- Lisa Su: chair and CEO of AMD, which is putting in $1 billion and has Helios systems in testing at Meta.
Follow it in Meta's filings
Meta said the first offerings are expected to close on 29 October 2026, and the roughly $60 billion at-the-market programme will start later. Anyone following AI stocks can read the full documents on Meta's investor relations site. This story reports the deal only and is not investment advice.
FAQ
How much are Nvidia and AMD putting into Meta?
Nvidia $3 billion and AMD $1 billion, $4 billion in total, according to both companies' announcements.
How much is Meta raising in total?
The original plan was about $35 billion now plus an at-the-market programme of about $60 billion, about $95 billion in total. Meta later raised the common stock part from $22.5 billion to $25 billion.
What will Meta spend the money on?
AI infrastructure and computing capacity. Meta expects $135 billion to $145 billion of capital spending in 2026.
Sources
- Meta: Meta Announces Launch of Offering (26 October 2026)
- Meta: Meta Announces Pricing of Offering (27 October 2026)
- Nvidia: NVIDIA and Meta to Expand Collaboration on Muse
- AMD: AMD and Meta Advance Strategic Partnership
- SiliconANGLE: Nvidia, AMD to buy $4B in Meta shares as part of expanded chip partnerships
