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Meta is raising about $35 billion in stock for AI, with Nvidia and AMD as potential buyers

Broadcom joins Nvidia and AMD in signaling interest in up to $5.0 billion of Class A stock; the indications are nonbinding

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Meta $META Platforms launched underwritten public offerings on Monday totaling about $35 billion to help fund its AI infrastructure spending, the company said. The offerings consist of about $22.5 billion of Class A common stock and about $12.5 billion of depositary shares representing Series A Mandatory Convertible Preferred Stock.

Nvidia $NVDA, Advanced Micro Devices and Broadcom $AVGO have each indicated interest in buying Class A stock in the offering, for up to $5.0 billion in total, Meta said. The indications are nonbinding. Any of the three could buy more, less or none of the stock, and the underwriters........

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