NVIDIA plans a $3 billion investment in Meta as both expand work on AI that does tasks for users.

Meta (META) raised its full-year capex range to $135B–$145B, reported Q3 revenue of $64.6B, and plans to issue new Class C shares in 2027. The company also announced a $60B at-the-market Class C program and a partnership with NVIDIA, where NVIDIA will invest $3.0B in Meta's offering. Meta's credit-default swap spreads hit record highs, reflecting concerns over AI data-center capital expenditures.

NVIDIA (NVDA) will invest $3 billion in Meta (META) and expand their AI partnership, including optimizing workflows and deploying NVIDIA infrastructure. Meta shares were at $630.20, NVIDIA at $215.01 in overnight trading.

Nvidia will invest $3 billion in Meta's equity offering, which aims to raise up to $95 billion. The companies are expanding their AI partnership, with Meta increasing use of Nvidia's infrastructure for AI agents. Meta's Class A shares are priced at $625 each, and depositary shares at $50 each.

Meta shares fell 1.9% to $630.56 as the company plans to raise up to $95 billion for AI expansion, including $35 billion in stock offerings and a $60 billion at-the-market program. Quarterly revenue rose 26% to $64.6 billion, but operating profit fell 37% to $13 billion. Nvidia, AMD, and Broadcom may invest up to $5 billion collectively.

Meta Platforms increased its equity fundraising to $97.5 billion, including a $25 billion common stock offering and a $60 billion at-the-market share sale program. The funds will support AI expansion, with Nvidia, AMD, and Broadcom investing up to $5 billion. Meta's shares fell 1.4% on the news. The company reported a $2.12 billion cash burn in Q3, its first negative free cash flow in over a decade.

Nvidia (NVDA) will invest $3B in Meta (META) stock and expand AI collaboration on Meta's Muse models, aiming to improve AI agent performance.