Nvidia has said it will invest $3 billion in Meta, after the social media and AI giant announced plans to raise a total of $95 billion to support its investments in artificial intelligence infrastructure.

Meta on Monday said it would initially raise $35 billion in underwritten public equity offerings, before raising an additional $60 billion with an at-the-market program.

The announcement stated that Nvidia, Advanced Micro Devices and Broadcom were interested in purchasing up to $5 billion in shares.

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