Nvidia and AMD to buy $4B of Meta shares

Meta Platforms said Nvidia and AMD plan to buy $4 billion of its shares as part of an up to $95 billion stock sale. Nvidia is investing $3 billion under an expanded partnership; Broadcom is also participating, with the three chipmakers together investing $5 billion.

Why it matters: The equity purchases accompany Meta's broader use of Nvidia GPUs, CPUs and networking gear.