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

Meta has drawn interest from Nvidia, AMD, and Broadcom to buy up to $5 billion of its new Class A common stock. Meta launched ~$35 billion in stock offerings Monday to fund its AI buildout. Cornerstone Investors can take more, fewer, or no stock Meta’s filing calls the three chipmakers “Cornerstone Investors.” Their interest is part of a $22.5 billion common stock offering at the same price and terms as other buyers, amounting to as much as $5.0 billion. None of this is binding. Any of the three can buy more, less, or no shares, and the underwriters can sell to them more, less, or none. All three are among the key suppliers of chips for Meta.

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