Meta plans to raise up to $95 billion in new equity for its AI infrastructure, and two chip suppliers are investing.
“Together, we are building and deploying infrastructure at gigawatt scale and shaping future generations of silicon, software and systems to enable Meta's most ambitious superintelligence models and services”
Lisa Su, AMD CEO, in a statement · cnbc.com ↗
The plan, announced on Monday 26 October, begins with about $35 billion of underwritten public offerings. A further $60 billion would then be sold through an at-the-market programme. Meta said Nvidia, AMD and Broadcom had expressed interest in buying up to $5 billion of the shares.
On Tuesday Nvidia committed $3 billion and AMD $1 billion. Nvidia said Meta would expand its Vera Rubin and Vera CPU deployments and that the two companies would work more closely on Muse, the AI agent Meta launched last month. AMD said its processors power Muse. Jensen Huang, Mark Zuckerberg and Lisa Su each welcomed the arrangements in statements.
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Meta has gone to the debt markets for large sums before. In August 2022 it sold $10 billion of bonds, its first-ever bond offering, to fund share buybacks and revamp its business.
In October 2025 it closed a financing of roughly $27 billion of debt with Blue Owl for its Hyperion data centre in Louisiana, keeping a 20 percent stake and the debt off its own balance sheet. On 30 October 2025, a day after Zuckerberg announced bigger AI spending, it said it would sell at least $25 billion of investment-grade bonds in up to six tranches.
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Both chipmakers are building stakes across the AI sector: Nvidia has backed OpenAI, Anthropic, Intel and xAI and joined 121 rounds this year, according to Dealroom, while AMD has joined 25 and pledged up to $5 billion to Anthropic in July.
Sources · 1