AMD and Nvidia put $4 billion into Meta as it raises $95 billion for AI

Two of the biggest chip makers are putting money into one of their biggest customers. Nvidia will invest $3 billion and AMD $1 billion in Meta, the owner of Facebook and Instagram, as Meta raises $95 billion to pay for its AI buildout. The money flows back to the chip makers when Meta buys their hardware.

What changed

Meta said on Monday that it would first raise $35 billion by selling shares to the public through underwritten offerings. It would then raise another $60 billion through an at-the-market program, which means selling shares gradually over time.

On Tuesday, Nvidia said it would put $3 billion into the offering. AMD said it would put in $1 billion. Meta's Monday announcement had said Nvidia, AMD and Broadcom were interested in buying up to $5 billion in shares.

What the chips are doing at Meta

AMD said its first Helios systems, which are full racks of server equipment, are already running at Meta. It also said its EPYC processors power Muse, Meta's AI agent, which launched last month. An AI agent is software that works on your behalf, not just one that answers questions.

Nvidia said Meta would expand its use of Vera Rubin and Vera CPU products. The two companies will also deepen their work together on Muse.

What the companies said

Nvidia CEO Jensen Huang said AI agents are a new way of computing, with software that understands goals, reasons, uses tools and gets work done. Meta CEO Mark Zuckerberg said Meta wants to keep working with Nvidia on personal agents for billions of people. AMD CEO Lisa Su said the companies are building infrastructure at gigawatt scale.

Markets barely reacted. AMD rose 3% on Tuesday, Nvidia stayed flat and Meta fell 1%.

A growing habit

The Meta deal fits a pattern. According to Dealroom, Nvidia has invested in OpenAI, Anthropic, Intel and xAI. It has joined 121 investment rounds so far this year, up from 13 in 2022.

AMD said in July that it would invest up to $5 billion in Anthropic. It has taken part in 25 funding rounds in 2026, up from two in 2022.

What is not known yet

The material does not say at what price the shares will sell, or how Meta will split the money between chips and other costs. It also does not say whether any of this will change the AI tools or prices people see. For now, it shows how expensive AI has become and how closely chip makers and their customers are tied together.