AMD said it will invest $1 billion in Meta's equity offering, confirming that its first Helios rackscale systems are installed at Meta and that its EPYC CPUs are powering Muse, the social media giant's AI agent. The move makes AMD the second major chipmaker to buy into Meta's fundraising, after Nvidia announced a $3 billion investment on Tuesday.
Meta said on Monday it plans to raise $95 billion to fund its artificial intelligence infrastructure, starting with $35 billion in underwritten public equity offerings and another $60 billion through an at-the-market program. Meta's announcement noted that Nvidia, AMD and Broadcom were interested in purchasing up to $5 billion in shares combined.
Meta's $95 billion AI infrastructure push
The fundraising is one of the largest single efforts to bankroll AI data centers and computing capacity. Meta framed the equity offerings as a way to support its AI infrastructure investments at a time when rivals are also pouring billions into chips, servers and energy.
According to CNBC, AMD was up 3% on Tuesday following the news, while Nvidia stayed flat and Meta slipped 1%. The market reaction suggests investors see the deal as a strategic win for AMD's data center ambitions.
- Meta plans to raise $95 billion: $35 billion in underwritten public equity offerings plus $60 billion through an at-the-market program.
- Nvidia will invest $3 billion in Meta's equity offering; AMD will invest $1 billion.
- Meta said Nvidia, AMD and Broadcom were interested in buying up to $5 billion in shares combined.
