Meta says its chip suppliers could take up to $5 billion of new stock

Meta launched $35 billion in stock offerings on Monday to fund its AI buildout, and Nvidia, AMD and Broadcom have expressed interest in buying up to $5 billion of new Class A common stock. Meta’s filing calls the three chip suppliers Cornerstone Investors in a $22.5 billion common stock offering, at the same price and terms as other buyers; their participation is nonbinding, and each can buy more, less or no shares. The offering is the first part of a plan to raise up to $95 billion in equity, followed by a roughly $60 billion at-the-market program of nonvoting Class C shares expected to start no earlier than the first quarter of 2027, after that stock begins trading.